Unibail-Rodamco SE announces the successful placement of €1 bln of bonds, including a €500 mln "Green bond"1, and of a €500 mln convertible bond2.
The Group simultaneously launched a tender offer for nine of its outstanding bonds and a repurchase procedure for the €750 mln convertible bond 2 issued in 2012.
The Group also announces the successful placement of a €500 mln Ornane2 due January 1st, 2022. The transaction was 6 times oversubscribed and is the first convertible bond with a negative yield issued by a real estate company in the Euro market.
The exercise price is €346.87, reflecting a 37% premium to the volume weighted average of Unibail-Rodamco's share price on the day of the issue3.