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Scentre Group ( (AU:SCG) ) has shared an announcement.
Scentre Group has successfully priced a A$1.0 billion 10-year senior note issue in the Australian domestic market with a fixed rate coupon of 5.35%, swapped to a floating rate. The proceeds will be used to repay existing debt, aligning with the company’s strategy to extend debt maturity and reduce capital costs, which could strengthen its financial position 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 (ASX: SCG) owns 42 Westfield destinations across Australia and New Zealand, encompassing more than 12,000 outlets. The company focuses on creating extraordinary places that connect and enrich communities, with a plan to make these destinations more appealing and essential to people and businesses.
Average Trading Volume: 10,349,235
Technical Sentiment Signal: Buy
Current Market Cap: A$21.41B
Find detailed analytics on SCG stock on TipRanks’ Stock Analysis page.