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Short Term Debt

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Commercial paper and medium term note market (NEU CP & NEU MTN)

Unibail-Rodamco-Westfield SE mainly uses Billets de Negotiable European Commercial Paper (NEU CP) and Negotiable European Medium Term Notes (NEU MTN) to refinance its short-term debt through:

  • A NEU CP programme of €2 Bn that is rated A-1 by Standard & Poor's.
  • A NEU MTN programme of €500 Mn.

Société Générale is Unibail-Rodamco-Westfield's custodian for NEU CP and NEU MTN debt (affiliated code Euroclear 127).

In order to see the corresponding Information Memorandum, please click on the following links:

  • Information Memorandum (Short term) : link.

  • Information Memorandum (Long term) : link.


US Commercial Paper (USCP)

Unibail-Rodamco-Westfield SE also uses US Commercial Paper (USCP) to refinance its short-term debt. The Group has a $1 Bn program. Bank of America Merrill Lynch is Unibail-Rodamco-Westfield SE's custodian for USCP debt.