UNBLF - Unibail-Rodamco-Westfield prices $2.4B bond offering starts tender offer

Unibail-Rodamco-Westfield (UNBLF) (UNRDY) (URMCY),  a developer and owner of 89 shopping centers in Europe and the U.S., prices €2B (~$2.4B) of senior bonds in a two-tranche offering comprised of:A €1B bond with a six-year five-month maturity and a 0.625% fixed coupon; andA €1B bond with an 11-year maturity and a 1.375% fixed coupon.The issuance was more than three times oversubscribed, attracting more than €6.5B of demand.The company also launched a simultaneous tender offer for up to €1B of other outstanding bonds.Proceeds from the bond offering will be used for general corporate purposes, including the funding of the concurrent tender offer and the refinancing of upcoming bond maturities.

For further details see:

Unibail-Rodamco-Westfield prices $2.4B bond offering, starts tender offer