The bond received strong demand from investors, achieving an oversubscription of 6.1 times and an order book of more than
The proceeds from this bond will enhance the Group's cash position to
This issuance is URW's first green bond in the Euro bond market since 2015. The bond will finance or refinance Eligible Green Assets in line with the Group's 2022 Green Financing Framework2
It aligns with the Group's sustainability strategy and its Better Places roadmap3 shared with the market on
The notes are expected to settle and be admitted to trading on Euronext Paris on
For more information, please contact:
Investor Relations
+33 7 63 45 59 77
investor.relations@urw.com
+33 6 10 95 85 84
investor.relations@urw.com
1 On a proportionate basis, including the achieved disposal of Polygone Riviera.
2 The green financing framework is available under: https://cdn.urw.com/-/media/Corporate~o~Sites/UnibailRodamco-Corporate/Files/Homepage/INVESTORS/Financing-Activity/SustainableFinancing/Framework/2022/20221116-URW-Green-Financial-Framework-Brochure.ashx
Media Relations
+44 7387 108 998
Cornelia.Schnepf@finelk.eu
+33 6 27 84 91 30
Sonia.Fellmann@plead.fr
About
The Group operates 74 shopping centres in 12 countries, including 39 which carry the iconic Westfield brand. These centres attract over 900 million visits annually and provide a unique platform for retailers and brands to connect with consumers. URW also has a portfolio of high-quality offices, 10 convention and exhibition venues in
URW is a committed partner to major cities on urban regeneration projects, through both mixed-use development and the retrofitting of buildings to industry-leading sustainability standards. These commitments are enhanced by the Group's Better Places 2030 agenda, which strives to make a positive environmental, social and economic impact on the cities and communities where URW operates.
URW's stapled shares are listed on Euronext Paris (Ticker: URW), with a secondary listing in
For more information, please visit www.urw.com
(C) 2023 Electronic News Publishing, source