Unibail-Rodamco’s 10-year bond issue was more than six times oversubscribed.

The listed French property company placed the €500m, 10-year bond at 1.375%.

The coupon is lower than UK 10-year government bond yields and below the company’s current cost of debt.

The issue attracted as much as €3bn, the Paris-based company said.

Two bond issues by Unibail-Rodamco raised €1bn last April.

The company’s €500m 10-year green and 15-year convertible bonds were launched at the same time it launched a tender offer for nine of its outstanding bonds and a repurchase procedure for a €750m convertible bond issued in 2012.