4th Jun 2021 09:43
(Alliance News) - Hammerson PLC on Friday announce the early redemption of its EUR500.0 million in bond notes due 2022.
The London-based retail property investor said the bonds, which have a 2.00% coupon, will be redeemed in full on July 8.
The redemption price will be calculated on July 5.
On Tuesday, Hammerson had announced the results of its tender offer for two separate series of euro-denominated bonds, the purpose of which was to manage and refinance near-term maturities and extend the average duration of the external indebtedness.
For the EUR500 million bonds due July 1, 2022, Hammerson received acceptances for EUR310.3 million, while for the March 15, 2023 bonds of the same amount, there were acceptances for EUR264.5 million.
Hammerson shares were up 0.7% at ZAR7.80 each in Johannesburg on Friday morning and were down 0.4% at 40.32 pence each in London.
By Greg Roxburgh; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Hammerson