Global property giant Unibail-Rodamco-Westfield (ASX:URW) will repurchase 544.9 million Euros worth of bonds, following the tender offer it announced on 25 November 2020.
The company accepted all tenders and the settlement will take place on 4 December 2020.
The tender offer will be funded from the net proceeds of the 2 billion Euro bond issuance the company undertook in November.
This is part of the Group’s active debt management strategy.
Shares in Unibail-Rodamco-Westfield (ASX:URW) closed almost 2 per cent higher at $5.15 yesterday.