Unibail-Rodamco-Westfield (ASX:URW) 544.9M bond buy back

04Dec

Unibail-Rodamco-Westfield (ASX:URW) 544.9M bond buy back

 

Global property giant Unibail-Rodamco-Westfield (ASX:URW) will repurchase 544.9 million Euros worth of bonds, following the tender offer it announced on 25 November 2020.

The company accepted all tenders and the settlement will take place on 4 December 2020.

The tender offer will be funded from the net proceeds of the 2 billion Euro bond issuance the company undertook in November.
This is part of the Group’s active debt management strategy.

Shares in Unibail-Rodamco-Westfield (ASX:URW) closed almost 2 per cent higher at $5.15 yesterday.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

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