The company Unibail-Rodamco-Westfield (URW), one of the world’s largest shopping centre owners, has issued € 1.4 billion of corporate bonds, albeit at a higher coupon than it was paying for its debt capital before the coronavirus crisis, according to Property EU.
The firm has set the price of the two-tranche senior bonds at a fixed coupon of 2.125% for €600 million of notes maturing in five years, and 2.625% for €800 million of notes maturing in 10 years.
