Perennial Real Estate Holdings Limited (formerly: St. James Holdings Limited)

Thread Rating:
  • 1 Vote(s) - 2 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#48
2y paper issued @ 5.95% - in Jan18 they managed to issue 3y @ 3.9%. This is quite a large spike in borrowing costs.

There are 2 retail tranches - one maturing 2018 while the one maturing 2020 is still trading >par. Both issued couple yrs ago @ 4.55-4.65%

As of Jun18, gearing of Perennial is "just" ~80% with 1bio of debt <1y and 2bio beyond.

Overgeared developers better watch their balance sheets cos its not getting pretty.
Reply


Messages In This Thread
RE: St James - by opmi - 15-03-2014, 10:57 AM
RE: Perennial Real Estate Holdings Limited (formerly: St. James Holdings Limited) - by AQ. - 21-08-2018, 09:27 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)