Rodamco Europe announces € 750 million Euro Commercial Paper program

Rodamco Europe announces the establishment of a Euro Commercial Paper program to further diversify its funding sources.

Initially Rodamco Europe will use the ECP program to refinance existing short term money market loans:

• Issuer: Rodamco Europe Finance B.V.
  
• Guarantor: Rodamco Europe N.V.
  
• Rating:
  
  • Standard & Poor’s Long Term: 'A' with stable outlook
    
  • Standard & Poor’s Short Term: 'A1'
  
  
• Maximum total issuance under this program: € 750 million
  
• Dealers: Citigbank, Fortis, HSBC, UBS

CEO Maarten Hulshoff: “After Rodamco Europe’s recent 5 year € 500 million standby facility and successful entrance into the international capital markets last year through our € 500 million Eurobond, Rodamco Europe is taking the next step to diversify its funding sources. Furthermore the ECP program will give the company increased access to capital and attractive funding levels. Initially Rodamco Europe will use the ECP program to refinance existing short term money market loans.”

Source: Rodamco Europe