The paper needs to be settled in May 2013.
The over-subscribed issue last week received bids from six potential investors totalling a R650m for the R400m on offer. The paper was placed with four investors. Rand Merchant Bank arranged the roll over.
Emira's chief execujtive James Templeton said the fund's continued sourcing of a portion of its funding via the money markets and debt capital markets had several benefits‚ including lowering the average cost of borrowings and diversifying the source of its borrowings.
JSE-listed Emira Property Fund is a real estate investment trust with a diversified portfolio of office‚ retail and industrial properties.
Its assets comprise 146 properties valued at R9.1bn and listed investments of R500m and it has a market capitalisation of R7.5bn.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
