Hammerson PLC - London-based property development and investment company - Announces exercise of early redemption option regarding its EUR500.0 million 1.8% bonds due 2023. The aggregate principal amount of bonds outstanding is EUR235.5 million. The bonds will be redeemed at par, including interest. The bonds will be redeemed in full on December 16 and will be settled using the existing cash on the balance sheet covering this maturity. There are no group debt maturities uncovered by existing cash on the balance sheet until 2025, Hammerson highlights.
Current share price: 19.47 pence, down 3.3% Thursday in London
12-month change: down 3.6%
By Holly Beveridge; hollybeveridge@alliancenews.com
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Hammerson (HMSO)