Overview
Kennedy Wilson Europe has issued £300m of bonds. These have been rated BBB. The bonds, which are unsecured, have an annual fixed coupon to the Company of 3.95%, which was effectively reduced to 3.35% as a result of KWE entering into swap arrangements to convert 50% of the proceeds into Euros. Interest on the Unsecured Bonds is payable annually in arrears on 30 June of each year, commencing on 30 June 2016. The Unsecured Bonds will mature on 30 June 2022.
KWE : Kennedy Wilson Europe issues £300m bond