// Unibail-Rodamco-Westfield successfully priced a €1.25bn two-tranche senior bond offering
// It includes a €650m bond with a 7-year and 5-month maturity and a 0.75% fixed coupon
// Also includes €600m bond with a 12-year maturity and a 1.375% fixed coupon
The parent company of Westfield shopping centres has announced a new bond placement to help strengthen its liquidity and financial position.
Unabail-Rodamco-Westfield said it secured a €1.25 billion (£1.07 billion) two-tranche senior bond offering.
READ MORE: Westfield owner suffers decline in turnover and rental income
It includes a €650 million (£558 million) bond with a seven year and five month maturity and a 0.75 per cent fixed coupon.
The bond also includes a €600 million (£515 million) bond with a 12 year maturity and a 1.375 p0er cent fixed coupon.
Unabail-Rodamco-Westfield said the net proceeds would be used for general corporate purposes, including the refinancing of upcoming bond maturities.
Click here to sign up to Retail Gazette’s free daily email newsletter
