Business Daily Media
Times Affiliate Marketing


.

Unibail-Rodamco-Westfield announces the successful placement of U.S.$1.0 Bn of bonds

  • Written by: ACN Newswire
Paris, Amsterdam, Sept 13, 2018 - (ACN Newswire) - Unibail-Rodamco-Westfield priced its first Senior Fixed Rate Notes in the United States market. The two-tranche bond issuance is offered and sold in accordance with the Rule 144A and Regulation S of the US Securities Act and comprises the following:

- A $500 Mn bond with a 10-year maturity and a 4.125% fixed coupon;- A $500 Mn bond with a 30-year maturity and a 4.625% fixed coupon.

The placement is approximately 2x oversubscribed. The proceeds of this issuance will be used to repay outstanding borrowings under the Groups US revolving credit facility and for general corporate purposes.

The bonds have been rated A2 (stable) and A (stable) by Moody's and S&P respectively.

For further information, please contact: Investor Relations Samuel WarwoodMaarten Otte +33 1 76 77 58 02 [email protected][1]

Media Relations Nathalie Feld +33 1 76 77 57 94 [email protected][2]

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at EUR63.7 Bn as at June 30, 2018, of which 86% in retail, 8% in offices, 5% in convention & exhibition venues and 1% in services. The Group owns and operates 102 shopping centres, of which 56 are 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 13 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events, and offers an exceptional and constantly renewed experience for customers.

With the support of its 3,700 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. The Group has the largest development pipeline in the industry, worth EUR12.5 Bn.

Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities.

Unibail-Rodamco-Westfield stapled shares are listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from an A rating from Standard & Poor's and from an A2 rating from Moody's.

For more information, please visit www.urw.comVisit our Media Library at www.mediacentre.urw.com[3][4]

20180913 URW 144A placement: http://hugin.info/136618/R/2215869/865264.pdf [5]

Topic: Issue of Stocks/Bonds http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ [email protected] (www.acnnewswire.com)
  2. ^ [email protected] (www.acnnewswire.com)
  3. ^ www.urw.com (www.urw.com)
  4. ^ www.mediacentre.urw.com (www.mediacentre.urw.com)
  5. ^ http://hugin.info/136618/R/2215869/865264.pdf (hugin.info)

Read more http://www.acnnewswire.com/press-release/english/46238/

Why the secrecy around car insurance?

Every year, millions of Australians receive their car insurance renewal and promise themselves they’ll look at it properly later. Then life gets in ...

Australian workers spend almost an hour a day administering email

Research finds email filing, searching and rework consuming an estimated 58 minutes a day and potentially exposing organisations to millionsAustralian...

Customer Service Is Becoming Part of the Small Business Sales and Marketing Engine

For Customer Service Week, 5-9 October, Thryv is urging small businesses to look beyond generating  enquiries and examine what happens after a custome...

Gift Cards as the gateway to agentic payments

Prepaid and stored value gives consumers the trust and control to try AI shopping agents By Blackhawk Network VP Head of ANZ Kieran Nolan For deca...

Why Data Accumulation Without Governance Undermines Sustainability Goals

In July 2026, Group 2 entities, the second cohort of Australian businesses, began their first reporting period under the mandatory climate disclosur...

Permanent $20,000 Instant Asset Write-Off Gives Small Businesses Greater Planning Certainty

The Federal Government’s decision to permanently legislate the $20,000 instant asset write-off will give eligible small businesses greater certainty...