Dexus launches 2011 buyback and new seven-year issue

Dexus Property Group (Dexus) (BBB+/Baa1) will become the first true corporate borrower to issue a second new domestic bond line since the financial crisis when it prices the new April 2017 deal it launched on April 12. The transaction launched alongside a matching buyback of a minimum of A$100 million (US$93.4 million) of the issuer's outstanding February 2011 bonds.