Unibail-Rodamco-Westfield issues make-whole call for 1.375% notes

By William Gullotti

Buffalo, N.Y., Dec. 8 – Unibail-Rodamco-Westfield SE issued a make-whole call for the outstanding portion of its €750 million 1.375% notes due Oct. 17, 2022 (ISIN: XS1121177338), according to an announcement Wednesday.

The notes were originally issued Oct. 15, 2014 under the company’s €20 billion guaranteed euro medium-term note program.

All remaining €257,341,000 of notes will be redeemed Dec. 23 and subsequently canceled.

As required by the terms and conditions of the notes, the company replaced BNP Paribas Securities Services, Luxembourg Branch with Aether Financial Services as the calculation agent in relation to the exercise of the make-whole redemption.

Notification of the make-whole redemption amount will be made no later than Dec. 21.

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

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