3rd Oct 2024 12:30
Hammerson PLC - London-based real estate investment trust owns city-centre shopping centres in the UK and elsewhere - Says it will accept up to GBP400.0 million for tender offers related to its plan to buy back three separate bonds. On Friday last week, Hammerson offered to repurchase three separate bonds - GBP300.0 million 6.00% note due 2026, GBP300.0 million 7.25% issue due 2028, and GBP350.0 million 3.500% bond due 2025.
The maximum acceptance amount follows the pricing of the company's GBP400.0 million 5.875% bonds due 2036, new notes, on Wednesday. Hammerson said this morning new bonds will be issued on Tuesday next week. "We are delighted with the strong demand for our 12-year GBP400 million bond which was 7x oversubscribed at the peak," Chief Financial Officer Himanshu Raja said this morning.
Current stock price in London: 30.97 pence, up 0.2% on Thursday
12-month change: up 28%
Current stock price in Johannesburg: ZAR70.90, down 2.2%
12-month change: up 25%
By Artwell Dlamini, Alliance News reporter
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