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Scentre Group ( (AU:SCG) ) has shared an announcement.
Scentre Group has successfully priced €500 million of 8-year senior notes under its Euro Medium Term Note Programme, with a fixed coupon of 3.45%. The proceeds will be used to repay existing debts, aligning with the Group’s strategy to diversify funding sources, extend debt maturity, and reduce the overall cost of capital. This marks the Group’s return to the EUR market, potentially strengthening its financial positioning and operational flexibility.
The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.60 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.
More about Scentre Group
Scentre Group, listed on the ASX as SCG, owns 42 Westfield destinations across Australia and New Zealand, comprising over 12,000 outlets. The company focuses on creating extraordinary places that connect and enrich communities, with the ambition to grow by becoming essential to people, their communities, and the businesses that interact with them.
Average Trading Volume: 9,394,143
Technical Sentiment Signal: Buy
Current Market Cap: A$21.36B
For a thorough assessment of SCG stock, go to TipRanks’ Stock Analysis page.