Regional REIT - Retail eligible bond 4.5% 2024

Despite continuing Brexit uncertainty and some slowing of UK economic growth regional property markets have remained robust in recent months, with industrial and office properties benefiting from a continuing positive supply-demand balance. Against this backdrop, Regional REIT (RGL) continues to actively manage its portfolio and has also launched an offer of retail-eligible bonds at a fixed rate of 4.5%. The bonds are intended to diversify and enhance RGL’s overall debt portfolio and provide added flexibility as the group targets a medium term reduction in gearing from current levels.