European listed property company Unibail-Rodamco has issued a 7-year bond for a total amount of EUR 750 mln. The bond matures on 22 March 2019 and will offer a coupon of 3%.
European listed property company Unibail-Rodamco has issued a 7-year bond for a total amount of EUR 750 mln. The bond matures on 22 March 2019 and will offer a coupon of 3%.
The issue was 4.7 times oversubscribed, with the order book reaching over EUR 3.5 bn.
The net proceeds from the bond will be used to strengthen the liquidity of the group, Unibail-Romdamco said.
Unibail-Rodamco is rated A (stable outlook) by Standard & Poor's and FitchRatings.
The company has EUR 25.9 bn of property assets under management.
