Unibail-Rodamco-Westfield tenders for up to €1 billion of five bonds

By Cady Vishniac

Detroit, Nov. 25 – Unibail-Rodamco-Westfield SE is offering to repurchase up to €1 billion of the following five bonds listed on Euronext Paris and/or the Luxembourg Stock Exchange:

• The 2.375% bond due Feb. 25, 2021 (ISIN: XS0894202968) with €418,380,000 outstanding;

• The 0.125% bond due May 14, 2021 (ISIN: FR0013332970) with €800 million outstanding;

• The 1.375% bond due Oct. 17, 2022 (ISIN: XS1121177338) with €318,515,000 outstanding;

• The 2.5% bond due June 12, 2023 (ISIN: XS0942388462) with €498,792,000 outstanding; and

• The 2.5% bond due Feb. 26, 2024 (ISIN: XS1038708522) with €750 million outstanding.

The offer will expire at 10:00 a.m. ET on Dec. 1, and results will be announced Dec. 2, according to a press release.

Acceptance of tenders is conditioned on the successful dual-tranche issue, announced Nov. 25, consisting of a long six-year bond and an 11-year bond, from which the company intends to fund the tenders.

Unibail-Rodamco-Westfield is a Paris-based real estate investment trust.

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