URW announces €1.25bn bond placement

URW announces €1.25bn bond placement

Unibail-Rodamco-Westfield (URW) said Monday it has successfully priced a €1.25 billion two-tranche senior bond offering, strengthening its liquidity position and extending the group’s debt maturity: 

  • A €650m bond with a  7-year and 5-month maturity and a 0.75% fixed coupon; and
  • A €600m bond with a 12-year maturity and a 1.375% fixed coupon.

URW said the net proceeds from this issuance will be used for general corporate purposes, including the refinancing of upcoming bond maturities.