Rodamco Europe successfully issued a €500 million seven year fixed rate bond. The new issue carries a coupon of 3.75% and was sold to international institutional investors. The proceeds will be used to refinance existing short-term debt, and for general corporate purposes.
CEO Maarten Hulshoff: "Due to the high demand from investors Rodamco Europe decided to increase the size of the bond issue from 300 million to 500 million. This transaction further underlines Rodamco Europe's strategy to lock-in attractive long-term fixed rate financing."
Source: Rodamco Europe