Unibail-Rodamco-Westfield (“URW”) announces the successful placement of a 30-year €500 Mn bond offering
Paris, Amsterdam, June 26, 2019 Press release Unibail-Rodamco-Westfield (“URW”) announces the successful placement of a 30-year €500 Mn bond offering URW today successfully priced a €500 Mn senior bond offering, with a 30-year maturity and a 1.75% fixed coupon. URW is the first REIT to issue 30-year notes in the Euro bond market. The rate of 1.75% reflects the lowest coupon ever for a Euro issue of this maturity by a corporate issuer, which shows the confidence of the credit market in URW’s balance sheet and performance. The net proceeds from the bonds will be used for general corporate purposes and will further extend URW’s debt maturity profile at attractive conditions. For further information, please contact: Investor Relations Media Relations About Unibail-Rodamco-Westfield Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations, with a portfolio valued at €65.2 Bn as at December 31, 2018, of which 87% in retail, 6% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 92 shopping centres, including 55 flagships in the most dynamic cities in Europe and the United States. Its centres welcome 1.2 billion visits per year. Present on 2 continents and in 12 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events, and offers an exceptional and constantly renewed experience for customers. For more information, please visit www.urw.com Attachment |
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