HCohen schreef op 4 december 2023 21:54:
Inmiddels 5.8 mrd Euro cash positie
(proportionate, including the achieved disposal of Polygone Riviera.),
mooie coupon voor 7 jaar vast, kennelijk veel interesse
(oversubsciption van 6.1x) en vergroten van de average debt maturity.
Lijkt mij positief nieuws !
URW announces the successful placement of a €750 Mn green bondcdn.urw.com/-/media/Corporate~o~Sites... Paris, Amsterdam, December 4, 2023
UNIBAIL-RODAMCO-WESTFIELD SE (“URW” or “the Group”) today announces the successful placement of
a green bond of €750 Mn with a 7-year maturity and a 4.125% fixed coupon (i.e. Mid Swap + 145 bps).
The bond received strong demand from investors,
achieving an oversubscription of 6.1 times and an order
book of more than €4.5 Bn at its peak,
reflecting the high level of debt investors’ appetite for URW’s credit.
The proceeds from this bond will enhance the Group’s cash position to €5.8 Bn on a proforma basis
as at September 30, 2023, while extending its average debt maturity.
This issuance is URW’s first green bond in the Euro bond market since 2015. The bond will finance or refinance Eligible Green Assets in line with the Group’s 2022 Green Financing Framework. It aligns with the Group’s sustainability strategy and its Better Places roadmap shared with the market on October 10, 2023, to create positive environmental and social impacts.
The notes are expected to settle and be admitted to trading on Euronext Paris on December 11, 2023.