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Unibail-Rodamco-Westfield Announces Regarding Placement

18 May 2021  |  08:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: URW announces successful 1.25 Bn EUR bond placement

Unibail-Rodamco-Westfield announced that it priced a EUR1.25 Bn two-tranche senior bond offering, strengthening its liquidity position and extending the Group's debt maturity being EUR650 Mn bond with a 7-year and 5-month maturity and a 0.75% fixed coupon; and EUR600 Mn bond with a 12-year maturity and a 1.375% fixed coupon. The net proceeds from this issuance will be used for general corporate purposes, including the refinancing of upcoming bond maturities.

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