«It has accepted to purchase 151.7 million euro in aggregate principal amount concerning 2022 and 107.2 million euro in aggregate principal amount concerning 2023», revealed the company in a release issued at the Comisión Nacional de Mercado de Valores.
It should be noted that this process was announced last week and that Merlin Properties was willing to spend a maximum of 500 million euro. The process consisted of two bond issuances: one for 700 million euro with a coupon rate of 2.375% expiring on the 23rd of May 2022 and another for 850 million euro with a coupon rate of 2.225% expiring on the 25th of April 2023.
In April, Merlin Properties announced it would move forward with the process of refinancing around 1.004 million euro of its debt – which has reached 4.902 million euro – to extend its maturity until 2024.
