IN BRIEF: Hammerson prices seven-year GBP250 million bonds
2nd Sep 2026 11:03
Hammerson PLC - London-based real estate investment trust focused on city-centre shopping centres - Prices a GBP250 million bond at 107 basis points over the 4.125% UK Treasury Gilt 2033. The new bond is due June 2033 and has an annual coupon of 5.875%. Says the issuance is more than four times covered, with a peak order book in excess of GBP1.1 billion. Also Hammerson enters into interest rate swaps to convert the 5.875% fixed coupon into a floating rate of Sonia plus a margin of 131 basis points, resulting in a net initial rate of 5.04%. The new bond increases the its cash holdings to GBP500 million as at June 30. The group maintains its 2026 financial year EPRA earnings guidance of GBP132 million. Read More