Hammerson plc R.E.I.T. (GB:HMSO) has released an update.
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Hammerson plc, a notable real estate investment trust, is actively managing its balance sheet liabilities through tender offers to purchase three series of its bonds for cash. The targeted bonds include £300 million 6.00% bonds due 2026, £300 million 7.25% bonds due 2028, and £350 million 3.500% bonds due 2025, with the company reserving the right to accept an undisclosed maximum amount and prioritize certain series over others. The purchase price for these bonds, set to be determined on October 8, 2024, will reflect a yield to maturity based on market conventions and the offers are contingent upon the successful issuance of a new series of sterling-denominated fixed-rate bonds.
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