Merlin Properties offers €500M to rebuy bond

Merlin Properties offers €500M to rebuy bond

The information was announced this Monday on a release issued at the Comisión Nacional del Mercado de Valores, which further informed that this process refers to two bond issuances: one for 700 million euro with a coupon rate of 2.375% expiring on the 23rd of May 2022 and another for 850 million euro with a coupon rate of 2.225% expiring on the 25th of April 2023.

On the other hand, the REIT led by Ismael Clemente also announced its intention of issuing a new fixed-rate promissory note program aiming to raise up to 5.000 million euro with a mid-term maturity.

In April Merlin Properties announced it would move forward with the process of refinancing around 1.004 million euro of its debt – which has reached 4.902 million euro – to extend its maturity until 2024.

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