(Alliance News) - Hammerson PLC on Tuesday announced the results of its tender offer for two separate series of euro-denominated bonds, the purpose of which is to manage and refinance near term maturities and extend the average duration of the external indebtedness.
The offers were first announced by the London-based retail property investor on May 20, and was for up to EUR1 billion, through the issue of two separate bonds.
For the EUR500 million bonds due July 1, 2022, Hammerson has received acceptances for EUR310.3 million, while for the March 15, 2023 bonds of the same amount, there were acceptances fro EUR264.5 million.
The settlement date for the bonds is expected to be Thursday.
Shares in Hammerson were down 1.1% at 39.53 pence on Tuesday in London, while its Johannesburg shares were up 1.1% at ZAR7.68.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Hammerson (HMSO)