URW: successfully prices 30-year bond placement
(CercleFinance.com) - Unibail-Rodamco-Westfield (URW) has announced the successful pricing of a senior bond offering of 500 million euros, maturing in 30 years' time, with a fixed coupon of 1.
75%, making this the first SIIC to issue securities with a 30-year maturity on the eurobond 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 commercial real estate group said.
"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," the group added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
75%, making this the first SIIC to issue securities with a 30-year maturity on the eurobond 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 commercial real estate group said.
"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," the group added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.