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Westfield prices £450m 10-year senior guaranteed bond

Westfield Group, the global shopping centre developer and manager, priced a £450m 10-year senior guaranteed corporate bond yesterday, as the listed retail property giant seeks to benefit from cheaper alternatives to traditional bank finance.
By James Wallace
July 5, 2012 | 7:30 P.M.

The secured senior debt, which matures in July 2022, benefits from a guarantee at Westfield Group level and subsidiary holding assets in the US, with the issuance via a finance vehicle, Westfield UK and Europe Finance plc.

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