Mirvac prices $506m notes issue

Real estate group's long-term notes issue was four times oversubscribed.

Mirvac Group (MGR) has priced a long-term US private placement note issue totalling $A506 million.

In a statement to the Australian Securities Exchange, Mirvac said the issue will comprise three tranches of notes across nine, 11 and 12 years.

The transaction was four times oversubscribed from the initial $150 million target.

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