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Unibail-Rodamco-Westfield manages its hybrid capital structure

The Group currently has approximately €1.665 billion in hybrid securities in circulation.
7 place du Chancelier-Adenauer, URW headquarters in Paris (CoStar)
7 place du Chancelier-Adenauer, URW headquarters in Paris (CoStar)
Business Immo
September 2, 2025 | 8:37 AM

Translated from French.

In a press release, Unibail-Rodamco-Westfield has announced its intention to issue new Perp-NC6 fixed rate perpetual hybrid bonds, guaranteed by URW NV, to partially finance the redemption of its €750 million 2.875% Perp-NC 2026 hybrid bonds. To this end, URW has launched a capped tender offer for its NC2026 bonds.

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News | Unibail-Rodamco-Westfield manages its hybrid capital structure