Dutch Corio pays 3 pct on 7-yr, inflation-linked loan
AMSTERDAM |
AMSTERDAM Aug 27 (Reuters) - Dutch property group Corio (COR.AS) pays an interest rate of about 3 percent on its inflation-linked, 7-year, 200 million euro bond, Corio's chief financial officer told Reuters on Thursday.
"For money with a seven year maturity you pay around 6 percent. This is much lower," Corio's CFO Jan Haars said.
Each year the principal is increased with the inflation rate, and Corio pays interest over the total amount, Haars said.
Corio said on Wednesday it had closed the loan with Dutch asset manager APG, which manages assets for Dutch pension fund ABP. (Reporting by Gilbert Kreijger)
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