Unibail-Rodamco has announced the successful placing of a bond with a maturity of 11 years for a total amount of €600 mln.

unibail rodamco

Unibail Rodamco

The bond, maturing in February 2028, was priced at a spread of 65 bps over mid-swap rates, corresponding to a coupon of 1.50%.

According to Unibail-Rodamco, the issue was almost two times oversubscribed, despite the tightening of the pricing during the book building process.

The company said that the net proceeds from the bond will be used for general corporate purposes and will further extend Unibail-Rodamco's debt maturity profile.