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Hammerson PLC - London-based real estate investment trust owns city-centre shopping centres in the UK and elsewhere - Says it will accept up to £400.0 million for tender offers related to its plan to buy back three separate bonds. On Friday last week, Hammerson offered to repurchase three separate bonds - £300.0 million 6.00% note due 2026, £300.0 million 7.25% issue due 2028, and £350.0 million 3.500% bond due 2025. The maximum acceptance amount follows the pricing of the company’s £400.0 million 5.875% bonds due 2036, new notes, on Wednesday. Hammerson said this morning new bonds will be issued on Tuesday next week. ‘We are delighted with the strong demand for our 12-year £400 million bond which was 7x oversubscribed at the peak,’ Chief Financial Officer Himanshu Raja said this morning. Current stock price in London: 30.97 pence, up 0.2% on Thursday 12-month change: up 28% Current stock price in Johannesburg: R 70.90, down 2.2% 12-month change: up 25% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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