Shopping centre giant Unibail-Rodamco-Westfield has announced the successful pricing of a €1.5b two-tranche senior bond offering.
This comprises a €750 mln bond with an eight-year maturity and a 1.0% fixed coupon, and a €750 mln bond with a 15-year maturity and a 1.75% fixed coupon.
According to Unibail, the transaction was upsized following robust demand. The total order book came to over €4.1 bn.
The firm said that the net proceeds from the bonds will be used for general corporate purposes and will further extend Unibail's debt maturity profile.
The bonds have been rated A2 (stable) and A (stable) by Moody's and S&P, respectively.
