Unibail-Rodamco proves market strong with huge book for 20 year

Unibail mall pic
By Victor Jimenez
21 Apr 2016

France’s largest property firm, Unibail-Rodamco, issued a €1bn dual tranche bond on Wednesday that included only the third 20 year corporate bond in euros this year.

The deal achieved the biggest book on a European corporate bond issue this week.

“The 20 year tranche wasn't cheap, but was a terrific success,” said a banker at one of the leads Bank of America Merrill Lynch (global coordinator), Crédit Agricole, HSBC and Natixis.

...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial