Business
Successful pricing of 5-year EUR350m bond
Hammerson plc has successfully priced a EUR350 million 5-year bond at 3.875% coupon, which was oversubscribed five times, and this issuance is part of refinancing its maturing EUR700 million bonds. The company also renewed and extended its revolving credit facilities totaling £613 million to April 2029, maintaining its FY26 EPRA earnings guidance of approximately £120 million. Disclaimer*
About this update from Hammerson Plc
Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE and Euronext Dublin share code: HMSO JSE share code: HMN ("Hammerson" or the "Company" and, together with its subsidiaries and its proportionally consolidated share of its non-wholly owned properties and joint ventures, the "Group") NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, OR AT ANY ADDRESS IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT. 2 June 2026 Bond pricing update, RCF renewal and extension, and FY26 guidance maintained Successful pricing of 5-year EUR350m bond Hammerson announces the pricing of a EUR350m bond with a maturity of 5 years at 110 basis points over euro mid-swaps with an annual coupon of 3.875 per cent (the "New Bonds"). The issuance was over five times covered at peak. The New Bonds represent the next stage of the refinancing of the Group's EUR700m 1.75 per cent. Sustainability-Linked bonds maturing in June 2027. After the new issuance, the weighted average maturity of the Group's debt stands at 4.7 years. Renewal and extension of Revolving Credit Facilities In April, the Group refinanced its £463m Revolving Credit Facility with its existing lenders on terms unchanged from those previously in place. The facility is committed and undrawn, has an initial maturity date of April 2029 and includes two one-year extension options. At the same time, the Group exercised the extension options in respect of its two additional committed Revolving Credit Facilities, totalling £150m, thereby extending their maturities by one year to April 2029 and increasing the Group's total committed and undrawn facilities to £613m. FY26 guidance maintained The Company maintains its FY26 EPRA earnings guidance of c.£120m. Enquiries Hammerson Contacts Richard Sharp, Director of Treasury and Insurance T: + 44 (0) 207 887 1119 E: [email protected] &n...