westfield owner urw announces 1 25 billion euro bond placement

Westfield owner URW announces 1.25 billion euro bond placement

Sumary of Westfield owner URW announces 1.25 billion euro bond placement:

  • The owner of London Westfield shopping centre has announced a 1.25 billion euro two-tranche bond placement to help it strength its liquidity position and extend its debt maturity..
  • Unibail-Rodamco-Westfield (URW) said the net proceeds from the issuance will be used for general corporate purposes, including the refinancing of upcoming bond maturities..
  • Last month, URW reported a 40.8 percent drop in turnover on a proportionate basis to 566.7 million euros in the first quarter as it remained “strongly impacted”…

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