Scentre Group strengthens finances with €500m senior notes offering

Scentre Group announced the pricing of €500 million in 8-year senior notes on October 1, 2025, carrying a fixed coupon of 3.45% under its Euro Medium Term Note Programme. The proceeds, scheduled to settle on October 7, 2025, will be used to repay existing indebtedness and borrowings from the Group’s revolving bank facilities. The company has swapped the principal and interest obligations to a floating rate A$ liability, reflecting a margin of 129.5 basis points over 3-month BBSW.

This transaction diversifies Scentre Group’s funding sources, extends the weighted average maturity of its debt, and reduces the overall weighted average cost of capital. The announcement follows the appointment of Julie Ann Coates as a new director to the Scentre Group board, effective October 1, 2025.

Ms. Coates does not hold any direct or indirect interests in Scentre Group securities or contracts at the time of her appointment. Scentre Group manages 42 Westfield destinations across Australia and New Zealand.