BGEO Group PLC (the “Group” or “BGEO”), announces that the Group’s wholly owned real estate subsidiary m2 Real Estate (“m2”) has successfully placed US$ 25 million bonds into the local market. The bonds were issued at par with a 3-year tenor and an annual coupon rate of 7.5%, payable semiannually. The Group’s investment banking and brokerage subsidiary, Galt & Taggart, acted as a placement agent. The proceeds are to be used for refinancing m2’s existing bonds and financing planned real estate development projects.
