Simon Property Group to sell €500M notes due 2031 for general corporate use

Simon Property Group's subsidiary, Simon Global Development B.V., will sell €500 million of 3.65% unsecured notes due in 2031 to non-U.S. investors outside the U.S. The notes will be guaranteed by Simon Property Group and are expected to be listed on the Luxembourg Stock Exchange. The offering aims to raise funds for general corporate purposes and is set to close on June 15, 2026. This move reflects the company's strategy to access international capital markets while complying with regulatory requirements in various jurisdictions.