Unibail-Rodamco SE announces that it has successfully placed a five-year bond, maturing October 2018, for a total amount of €500 million.
The bond will offer a fixed coupon of 1.875%. The placement was 2.8 times oversubscribed as the order book reached €1.4 billion.
This placement confirms the confidence of bond investors in Unibail-Rodamco’s credit profile.
The net proceeds from the bond will strengthen the liquidity of the Group.
Unibail-Rodamco is rated A (stable outlook) by Standard & Poor’s and FitchRatings.
Source: Unibail Rodamco
