IN BRIEF: Hammerson prices EUR350 million in bonds, confirms outlook

Hammerson PLC - London-based real estate investment trust focused on city-centre shopping centres - Prices EUR350 million in five-year bonds at 110 basis points over euro mid-swaps with a 3.875% annual coupon. Hammerson says the bond issue is five times covered by investor demand. The new bonds are part of the refinancing of EUR700 million in 1.75% sustainability-linked bonds maturing in June 2027. With the new issuance, Hammerson's average debt maturity stands at 4.7 years. The company also recently refinanced its GBP463 million revolving credit facility on unchanged terms. Hammerson on Tuesday confirms its guidance for 2026 EPRA earnings remains GBP120 million. This would be up 15% from GBP104 million in 2025.

Current stock price in Johannesburg: ZAR74.84, up 1.0% on Tuesday

12-month change: up 8.3%

Current stock price in London: 344.00 pence, up 1.4%

12-month change: up 21%

By Tom Waite, Alliance News editor

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