IN BRIEF: Hammerson prices EU350 million in bonds, confirms outlook

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Hammerson PLC - London-based real estate investment trust focused on city-centre shopping centres - Prices €350 million in five-year bonds at 110 basis points over euro mid-swaps with a 3.875% annual coupon. Hammerson says the bond issue is five times covered by investor demand. The new bonds are part of the refinancing of €700 million in 1.75% sustainability-linked bonds maturing in June 2027. With the new issuance, Hammerson’s average debt maturity stands at 4.7 years. The company also recently refinanced its £463 million revolving credit facility on unchanged terms. Hammerson on Tuesday confirms its guidance for 2026 EPRA earnings remains £120 million. This would be up 15% from £104 million in 2025.

Current stock price in Johannesburg: R 74.84, up 1.0% on Tuesday

12-month change: up 8.3%

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12-month change: up 21%

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