The real estate giant’s subsidiary issued unsecured notes targeting non-U.S. investors with a 3.65% coupon rate.
Simon Property Group’s subsidiary, Simon Global Development B.V., priced a €500 million unsecured notes offering due 2031 at a 3.65% coupon rate. The notes are fully guaranteed by the parent company and aimed at non-U.S. investors.
The offering follows Simon Property’s strategy to diversify funding sources and extend debt maturity profiles. The 3.65% coupon reflects current market conditions for high-grade corporate debt in Europe.
Proceeds from the notes will support general corporate purposes, including potential acquisitions or refinancing existing debt.