Hammerson has announced that it is to exercise its option to redeem its 5.25% Bonds, due 2016, early. The issue has a par value of £300m. This announcement follows the announcement on 21 October that Hammerson had completed a 10-year bond issue for £350m. The company says that its 5.25% 2016 Bonds will be redeemed in full on 17 December 2015. A coupon is due on the Bonds on 15 December 2015 and this will be paid on that date as normal.
Hammerson to redeems its 2016 bonds early : HMSO