Fitch rates Scentre bonds A

Fitch Ratings said it assigned A ratings to the $750 million of senior unsecured 3.625% fixed-rate bond due 2026 and the $750 million of senior unsecured 4.375% fixed-rate bond due 2030 to be issued jointly by Scentre Management Ltd. in its capacity as the responsible entity and trustee of Scentre Group Ltd., and RE1 Ltd. in its capacity as responsible entity and trustee of Scentre Group Trust 2.

The proceeds will be used to repay debt within the consolidated group.

The notes will be guaranteed on a joint and several basis by Scentre Group, RE2 in its capacity as responsible entity and trustee of Scentre Group Trust 3, Scentre Finance (Aust) Ltd. and RE (NZ) Finance Ltd., which is reflected in the assigned ratings.

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