Mall of Scandinavia, Credit: Unibail-Rodamco Westfield
Mall of Scandinavia, Credit: Unibail-Rodamco Westfield

Unibail-Rodamco-Westfield announces the successful placement of €750 Mn of bonds

URW successfully priced a €750 Mn senior bond offering with a 12-year maturity and a 2.0% fixed coupon. The offering attracted strong demand with the order book exceeding €1.6 Bn.

The net proceeds from this issuance will be used for general corporate purposes, including the refinancing of debt maturing in 2020 and extending the Group’s debt maturity.

The Group will have €12.7 Bn in cash on hand and undrawn credit lines upon closing of the senior bond offering.

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