Hammerson shifts 500 million euro bond
Real estate investment trust Hammerson said it had successfully launched a five hundred million euro bond.
Real estate investment trust Hammerson said it had successfully launched a five hundred million euro bond.
The bond, which matures in 2019, has an annual coupon of 2.75%, with the company saying the issue was six times oversubscribed.
Hammerson said it had available committed financing of £2.8bn following the issue.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The proceeds will be used to fund growth in Hammerson's shopping centres, retail parks and designer outlet villages, it added.
Chief Financial Officer Timon Drakesmith said the firm had had an excellent response from our debt investors for the transaction.
"The funds from this bond issue will be put to good use in a variety of growth projects," he said.
-
Lifetime ISA reform: Retirement option could be scrapped in overhaulA consultation on a product replacing the Lifetime ISA is set to be launched this year, and the option to use it to save for retirement is expected to be axed in the shake-up
-
HMRC stamp duty crackdown sees probes of property deals jump 88% – what to watch out forFrom bogus stamp duty refund claims to misleading the taxman about who owns a property, HMRC is increasing its scrutiny of stamp duty land tax reporting. Here’s how.
