Hammerson plc R.E.I.T. (GB:HMSO) has released an update.
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Hammerson plc is exploring a new Sterling-denominated issuance under its £5 billion Euro Medium Term Note Programme, with Barclays, BNP Paribas, Lloyds, and Mizuho acting as Active Bookrunners. Concurrently, the company has issued cash purchase offers to holders of three existing bonds, contingent on the successful completion of this new issuance. The offers and potential issuance are subject to market conditions and legal restrictions, particularly in the United States and Italy.
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