Dexus (ASX:DXS) priced an AU$500 million subordinated notes issue in the domestic fixed income market, according to a Friday filing with the Australian bourse.

The notes are structured across two 30-year tranches, with an implied yield of 5.48%, including AU$250 million floating rate notes and AU$250 million fixed rate notes, the filing said.

The notes can be called in March 2031 and March 2034, respectively, per the filing.