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Westfield Stratford calls £750 million real estate loan-backed notes
By Sarah Lizee
Olympia, Wash., July 22 – Westfield Stratford City Finance plc plans to redeem its £750 million of commercial real estate loan-backed floating-rate notes due 2024, according to a notice.
The notes will be redeemed on Aug. 6.
The notes are subject to mandatory redemption from prepayment of funds. Westfield said that proceeds from the repayment of a £750 million term loan facility borrowed by Stratford City Shopping Centre (No. 1) LP will be used for the redemption.
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