Report
Florent Laroche-Joubert

Unibail-Rodamco-Westfield : Se donner la flexibilité pour exécuter le plan de cession dans les meilleures conditions possibles

>L’échange de l’hybride « Perp-NC 2023 » vise à préserver la capacité à solliciter le marché de la dette senior - Nous comprenons de notre échange avec Fabrice Mouchel (CFO) que l’offre faite aux investisseurs dette d’échanger leurs titres hybrides « Perp-NC 2023 » contre « de nouvelles obligations hybrides avec un coupon 7,25% non-call sur 5,25 ans et une composante en cash » répond à plusieurs objectifs :Elle vise tout d’abord à préserver son rating de crédit e...
Underlying
Unibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib Rod

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Florent Laroche-Joubert

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