Rodamco Europe successfully launches 500 million debut eurobond

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 € 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 € 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

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