Scentre Group Prices US$3.0 Billion Subordinated Hybrid Note Issue In The US Market

Scentre Group (ASX:SCG) has priced a US$3 billion subordinated hybrid note issue in the US market, including:

  • US$1.5 billion 60-year, non-call 6-year subordinated notes. The couple rate for this is 4.75%.
  • US$1.5 billion 60-year, non-call 10-year subordinated notes. The couple rate for this is 5.125%.

These hybrid notes have maturity of 60 years. It can be redeemed by the Group at par with cash from the call date.

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