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Unibail-Rodamco marketing new green bond
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Initial price thoughts for the bond, initially expected to be EUR 500m, were 190bp-area over mid-swaps, according to Bond Radar. Within 90 minutes of marketing, the order book was above EUR 2bn and over EUR 4bn by the end of the morning session, enabling price guidance to be set at MS+155bp area and the size to be revised to EUR 500m-EUR 750m. The final spread was set at MS+145bp and the size at the top end, with the book above EUR 4.25bn.
See also European real estate: companies face jump in bond refinancing in 2024-26 as investment burden grows.
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