Scentre Group Priced a US$1.5 Billion Debt Issue in The US Market

May 20, 2020 12:12 PM AEST
Team Kalkine

Scentre Group (ASX:SCG) has priced a US$1.5 billion debt issue in the US market. It comprises of:

US$750 million 5.7-year fixed rate senior guaranteed notes with the coupon rate of 3.625%.
Remaining US$750 million 10-year fixed rate senior guaranteed notes with the coupon rate of 4.375%.

The proceeds would support the company in repaying the prevailing indebtedness which includes borrowing under the Group’s revolving bank facilities.

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