Westfield’s long print snapped up in sterling bond mart debut

Westfield_Guards_23March2017_PA_230x150
By Michael Turner
23 Mar 2017

Westfield Corp, the Australian operator of shopping centres in the UK, Europe and US, made a dual tranche debut in sterling on Thursday.

The borrower, rated A3/BBB+, launched eight and 12 year tranches at initial price thoughts of 135bp-140bp over the 5% March 2025 Gilt and 150bp area over the 6% December 2028 Gilt, respectively.

Westfield tightened spreads, with ...

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