Growthpoint Issues $72 Million of Bonds to Help Fund Buy of V&A Waterfront

Growthpoint Properties Ltd. (GRT) sold 500 million rand of five-year senior unsecured bonds to finance part of its acquisition of the Victoria & Albert Waterfront in Cape Town, Finance Director Stuart Snowball said.

The company received bids of 1.7 billion rand for the bonds, he said in an e-mailed statement from Johannesburg today. Absa Capital, a unit of Absa Group Ltd. (ASA), was the sole arranger of the sale.

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