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 £... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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