London-based property developer and investor Hammerson has issued £100 mln (€116.7 mln) bonds as part of existing £200 mln (€233 mln) bonds maturing in 2028.
The company said the bonds were issued due to demand for its fixed-income securities. This issue will result in an outstanding notional of £300 mln (€350 mln).
The new bonds will be placed with an existing large institutional investor and Hammerson will use the proceeds for general corporate purposes.
Separately, the real estate company also launched cash tender offers for two series of its bonds. Hammerson is offering holders of its £350 mln (€409 mln) of 3.5% bonds due 27 October 2025, and £300 mln (€350 mln) of 6% bonds due 23 February 2026.
The maximum acceptance amount is up to £100 mln (€116.7 mln) in aggregate nominal amount.
Hammerson owns, operates, and develops sustainable prime urban real estate in some of the fastest-growing cities in the UK, Ireland, and France. It also holds investments in the best-in-class premium outlet villages.
