UNIBAIL-RODAMCO-WESTFIELD SE Paris, Amsterdam, February 20, 2019
Press release
Unibail-Rodamco-Westfield announces the successful placement of €1.5 Bn of bonds
Unibail-Rodamco-Westfield today successfully priced a €1.5 Bn two-tranche senior bond offering:
- A €750 Mn bond with an 8-year maturity and a 1.0% fixed coupon; and
- A €750 Mn bond with a 15-year maturity and a 1.75% fixed coupon.
The transaction was upsized following robust and broad-based demand. The total order book came to over €4.1 Bn.
The net proceeds from the bonds will be used for general corporate purposes and will further extend Unibail-Rodamco-Westfield's debt maturity profile.
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 Warwood
Maarten Otte
+33 1 76 77 58 02
Maarten.otte@urw.com
Media Relations
Tiphaine Bannelier-Sudérie
+33 1 76 77 57 94
Tiphaine.Bannelier-Suderie@urw.com
About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations, with a portfolio valued at €65.2 Bn as at December 31, 2018, of which 87% in retail, 6% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 93 shopping centres, including 56 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 of €11.9 Bn in total.
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.com
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UNIBAIL-RODAMCO SE via Globenewswire
