PARIS (dpa-AFX) - Unibail-Rodamco SE (UNBLF.PK), a French commercial property operator, investor and developer, said it has placed an 8-year bond maturing October 2022 for a total amount of 750 million euros. This would offer a fixed coupon of 1.375%, representing a record low level for a bond issued by the Group. This issuance was ca. 3 times oversubscribed, the book reaching over 2 billion euros in less than 2 hours.
In addition, the Group announced a tender offer for its public bonds maturing in April 2016, September 2016, December 2017, August 2018 and March 2019. The tender offer period is likely to end on October 14, 2014.
As part of the proactive management of its balance sheet, the Group plans to extend the average maturity of its debt.
Copyright RTT News/dpa-AFX