Unibail-Rodamco said on Wednesday that its EUR 575 mln bond placement launched on Tuesday was nine times oversubscribed, with an order book of more than EUR 4.5 bn in less than two hours coming primarily from long-term investors.

Unibail-Rodamco said on Wednesday that its EUR 575 mln bond placement launched on Tuesday was nine times oversubscribed, with an order book of more than EUR 4.5 bn in less than two hours coming primarily from long-term investors.

Almost four million bonds were issued with a nominal value of EUR 146.36 each. The bonds will bear an interest of 3.5% and mature on 1 January 2015, thereby increasing the group's debt maturity.