Europe’s largest listed property company Unibail-Rodamco has placed a €750 mln bond and announced a tender offer for its public bonds maturing in April 2016.
Europe’s largest listed property company Unibail-Rodamco has placed a €750 mln bond and announced a tender offer for its public bonds maturing in April 2016.
The eight-year bond will offer a fixed coupon of 1.375%, representing a record low level for a bond issued by the group. Unibail-Rodamco said the issuance was around three times oversubscribed, with the book reaching over €2 bn in less than two hours.
Unibail-Rodamco is also launching a tender offer for its public bonds maturing in 2016-2019. The tender offer period is expected to end on October 14.
