Intu proposes £350m bond

TRAFFORD Centre owner Intu is proposing a £350m bond which will be used to repay debt from the acquisition of shopping centres in Derby and Norwich.

Last week the group refinanced £375m of bank debt with a £600m revolving credit facility through a syndicate of banks.

The group, which also owns a string of other centres including a share in the Arndale Centre, also said it had seen improved retailer demand in the third quarter.

It signed 71 long term leases during the period with a rent roll of £... For the full story register now for free or login below...

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