Growthpoint Issues 500 Million-Rand Senior Unsecured Bonds

May 13 (Bloomberg) -- Growthpoint Properties Ltd. 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., was the sole arranger of the sale.

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To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net