Hammerson is preparing a sterling bond issuance under a new £5bn borrowing programme.
The REIT has mandated Barclays, BNP Paribas, Lloyds and Mizuho as bookrunners, adding that a sale will be “subject to market conditions”.
As well as launching a new Euro Medium Term Note Programme, Hammerson has made tender offers to holders of three sets of outstanding bonds: its £300m, 6% bonds due 2026; £300m, 7.25% bonds due 2028; and £350m, 3.5% bonds due 2025.
