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Scentre Group launches cash tender offer to repurchase $1.3B of subordinated notes due 2080

Company Fundamentals
22 Apr 2026
PRNewsWire
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Neutral
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Scentre Group has initiated a cash tender offer to buy back up to $1.3 billion of its Subordinated Non-Call 10 Fixed Rate Reset Notes due 2080. This move is part of the group's strategy to manage its outstanding subordinated debt by repurchasing and canceling the notes. If the group repurchases 75% or more of the original $1.5 billion issuance, it can redeem the remaining notes at par. The tender offer expires on April 30, 2026, with settlement expected by May 5, 2026. Investors should note the purchase price will be determined based on market conditions at the offer's close and accrued interest will be paid on accepted notes.

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