Unibail-Rodamco-Westfield : Leeway to execute the asset-disposal plan in the best possible conditions
>The exchange on the hybrid “Perp-NC 2023” aims to preserve the group’s capacity to call on the senior debt market - We understand from our conversation with Fabrice Mouchel (CFO) that the offer made to investors to exchange their hybrid “Perp-NC 2023” notes for “new hybrid bonds with a coupon of 7.25%, no call for 5.25 years and a cash component” has a number aims:The group is looking to maintain its credit rating and a hybrid component in its capital structure:...Unibail-Rodamco is a commercial property operator, investor and developer. Co. is operationally organized in six geographical regions: France, Spain, Central Europe, Austria, the Nordics and The Netherlands. Its activities are divided into three business lines or segments: Shopping Centres, Offices and Convention & Exhibition. Co.'s Shopping Centres segment focuses primarily on the retail sector; the Offices segment takes care of office assets that are mainly located in the Parisian Central Business District; and the Convention-Exhibitions segment consists of a real estate venues and operations organization, and trade show organization.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.