Scentre Group ( (AU:SCG) ) has provided an update.
Scentre Group has announced the pricing of A$650 million in subordinated notes in the Australian market, comprising both floating and fixed-to-floating rate notes. The proceeds will be used to redeem existing notes and diversify the company’s debt sources, ultimately reducing the overall weighted average cost of debt and extending the call date profile of its subordinated notes.
More about Scentre Group
Scentre Group is a prominent player in the real estate industry, primarily focusing on owning and operating Westfield shopping centers in Australia and New Zealand. The company is known for its retail property management and development services, catering to a wide range of consumer needs in the retail sector.
YTD Price Performance: 1.93%
Average Trading Volume: 6,018
Technical Sentiment Signal: Strong Sell
Current Market Cap: $10.83B
Learn more about SCG stock on TipRanks’ Stock Analysis page.