Unibail-Rodamco-Westfield has strengthened its liquidity with the successful placement of €1.4bn (£1.2bn) of bonds.
The shopping mall owner offered two senior bonds, a €600m bond with a five-year maturity and a 2.125% fixed coupon and €800m bond with a 10-year maturity and a 2.625% fixed coupon, which it said attracted strong demand, with its order book exceeding €3.3bn.
URW is to use the net proceeds from the bond offering to refinance its maturing debt this year and to extend the group’s deb maturity.
