{"id":164886,"date":"2021-05-18T08:53:19","date_gmt":"2021-05-18T08:53:19","guid":{"rendered":"https:\/\/www.theindustry.fashion\/westfield-parent-company-announces-e1-25-billion-bond-placement\/"},"modified":"2021-09-12T10:18:52","modified_gmt":"2021-09-12T10:18:52","slug":"westfield-parent-company-announces-e1-25-billion-bond-placement","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/westfield-parent-company-announces-e1-25-billion-bond-placement\/","title":{"rendered":"Westfield parent company announces \u20ac1.25 billion bond placement"},"content":{"rendered":"<p><strong>Unibail-Rodamco-Westfield (URW), owners of <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/westfield-stratford\">Westfield Stratford<\/a> and <a href=\"https:\/\/www.theindustry.fashion\/intelligence\/westfield-white-city\">Westfield London<\/a> shopping centres, has confirmed it has successfully priced a \u20ac1.25 billion two-tranche senior bond offering.<\/strong><!--more--><\/p>\n<p>The new bond placement aims to strengthens the company's liquidity position and extends the its' debt maturity.<\/p>\n<p>It <strong>includes a \u20ac650 million bond<\/strong> <strong>with a 7-year and 5-month maturity<\/strong> and a 0.75% fixed coupon and a <strong>\u20ac600 million bond with a 12-year maturity<\/strong> and a 1.375% fixed coupon.<\/p>\n<p>Unabail-Rodamco-Westfield confirmed that the net proceeds from the issuance will be used for general corporate purposes, including the refinancing of upcoming bond maturities.<\/p>\n<p>Last month, <a href=\"https:\/\/www.theindustry.fashion\/westfield-q1-turnover-strongly-impacted-by-covid-19-restrictions\/\">URW\u00a0reported a proportionate turnover for Q1 of \u00a3410.9 million, a 30.4% reduction<\/a> compared to the same three month period in 2020, reflecting the impact of the prolonged COVID-19 restrictions.<\/p>\n<p>TheIndustry.fashion previously visited East London's Westfield Stratford to see if if shoppers has returned during the week of non essential retail reopening:<\/p>\n<p><iframe loading=\"lazy\" title=\"TheIndustry.fashion LIVE: Shoppers continue to visit Westfield Stratford in retail reopening week\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/jVEO0dGHqPY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><a href=\"https:\/\/www.theindustry.fashion\/subscribe-now\/?utm_source=website&amp;utm_medium=banner&amp;utm_campaign=insight_button&amp;utm_content=insight_button_0719\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-143048 size-full\" src=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/Screenshot-2020-05-11-at-18.39.04-2.png\" alt=\"\" width=\"1680\" height=\"268\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unibail-Rodamco-Westfield (URW), owners of Westfield Stratford and Westfield London shopping centres, has confirmed it has successfully priced a \u20ac1.25 billion two-tranche senior bond offering.<\/p>\n","protected":false},"author":49,"featured_media":143516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,20823],"tags":[11222,16089,16094,18251,11570,12517,11290],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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