URW refinances Stratford

£750m loan secured on Westfield Stratford City

Unibail-Rodamco-Westfield has successfully refinanced of Westfield Stratford City with a single-tranche £750m secured fixed rate bond, with a 7-year maturity and a 1.642% coupon. The coupon of the new bond is the lowest ever achieved in the real estate sector and compares with the existing commercial mortgage-backed security issued in 2014 and maturing in 2019, which had a 2.6925% fixed coupon.

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