Rodamco Europe, the largest publicly listed property investment and management company in the retail sector in Europe, today announced that it has successfully priced a â⬠500 million seven-year bond offering. The bonds will have an annual coupon of 3.75% and a yield to maturity of 3.84%. The deal was heavily oversubscribed at â⬠3.1 billion. ABN AMRO, JPMorgan and UBS acted as joint bookrunners.
Today´s news follows the recent announcement that Rodamco Europe has obtained a single A rating with stable outlook (A/stable/A-1) by Standard & Poor´s. The bond has been issued by Rodamco Europe´s finance subsidiary Rodamco Europe Finance B.V.
Source: Rodamco Europe
