Dexus completes 2011 buyback and A$180 million new issue

Dexus Property Group (Dexus) (BBB+/Baa1) became the first true corporate borrower to issue a second new domestic bond line since the financial crisis with the pricing of its new April 2017 deal on April 15. The transaction was for A$180 million (US$168.1 million) of new seven-year bonds and came to market alongside a buyback of A$178.9 million of the issuer's outstanding February 2011 bonds.