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Russell McVeagh advises on Scentre Group's inaugural US$3b subordinated hybrid notes issue

Published on:
22 September 2020

Russell McVeagh has acted as part of a multi-jurisdictional team to assist Scentre Group, owner and operator of Westfield in Australia and New Zealand, on its US$3.0 billion subordinated hybrid note issue in the United States market.

Working alongside international law firms, K&L Gates advising on the Australian law aspects, and Allen & Overy, advising on the New York and English law aspects, Russell McVeagh Banking and Finance partner John Powell led the firm's team advising on the issuance, which also included associates Dan Zajac and Jessica Lewis.

This is Scentre Group's first issuance of hybrid notes – the issue diversifies the company's sources of capital and is expected to be a long-term feature of the Group's funding structure.

More information on the issuance is available here.
 

For more information, please contact: 
Joanna Comerford
Head of Communications 
E [email protected]
D +64 4 819 7520

This article is intended only to provide a summary of the subject covered. It does not purport to be comprehensive or to provide legal advice. No person should act in reliance on any statement contained in this publication without first obtaining specific professional advice. If you require any advice or further information on the subject matter of this newsletter, please contact the partner/solicitor in the firm who normally advises you, or alternatively contact one of the partners listed below.