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Scentre Group ( (AU:SCG) ) has issued an announcement.
Scentre Group has closed its any-and-all tender offer for its US$1.312 billion non-call 2030 subordinated notes, with about 89% of the notes, or US$1.169 billion, tendered by investors. Settlement is scheduled for 5 May 2026 New York time, after which the company will redeem the remaining notes at par, leaving the group with around A$3.2 billion in liquidity.
As part of its capital management strategy, the group plans to restructure its interest rate hedging to lift coverage in 2027 and 2028 while keeping 2026 coverage intact. Scentre is maintaining guidance for at least 4% growth in 2026 funds from operations and distributions, despite acknowledging geopolitical volatility and potential consumer impacts, framing the transaction as supportive of long-term earnings growth for securityholders.
The most recent analyst rating on (AU:SCG) stock is a Hold with a A$3.80 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 is a listed Australian real estate investment group focused on owning and operating Westfield-branded shopping centres across Australia and New Zealand. The company generates income primarily from retail property investments and related activities, targeting consumer-facing tenants and leveraging large, high-traffic retail destinations in key metropolitan markets.
Average Trading Volume: 12,350,363
Technical Sentiment Signal: Buy
Current Market Cap: A$19.04B
For detailed information about SCG stock, go to TipRanks’ Stock Analysis page.