HAMMERSON PLC - Hammerson launches first real estate Sustainability-Linked Bond of 700m

Hammerson launches first real estate Sustainability-Linked Bond of €700m

Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE and Euronext Dublin share code: HMSO    JSE share code: HMN
ISIN: GB00BK7YQK64
(“Hammerson” or “the Company”)

27 May 2021


Hammerson launches first real estate Sustainability-Linked Bond of €700m

Hammerson announces the successful completion of a €700m Sustainability Linked Bond with a 6 year
maturity period and a 1.75% coupon.

The new issuance was combined with tender offers announced on 20 May 2021 in respect of the €500m
2% bonds due 2022 and the €500m 1.75% bonds due 2023. The proceeds from the issuance of the new
bonds will be used to repay existing financial indebtedness and the combined transactions are intended to
have a broadly neutral impact on Hammerson’s net debt.

Himanshu Raja, CFO of Hammerson, said: “Together with our recent announcement of the disposal of the
retail parks portfolio, this is another important step in strengthening the Group’s capital structure. The
linking of the bond to our sustainability targets brings a stronger alignment between our financial and
sustainability goals and we are pleased to have received a positive response to our bond, which was 2x
covered.”

ENDS

Hammerson has its primary listing on the London Stock Exchange and secondary inward listings on the
Johannesburg Stock Exchange and Euronext Dublin.

Sponsor: Investec Bank Limited

Enquiries

Hammerson Investor Contacts
Josh Warren, Head of Investor Relations
T: +44 20 7887 1053      E: josh.warren@hammerson.com
Richard Sharp, Group Treasurer
T: + 44 207 887 1119     E: richard.sharp@hammerson.com
Louise Ellison, Group Head of Sustainability
T: +44 207 887 1094      E: louise.ellison@hammerson.com

Hammerson Media Contacts
Catrin Sharp, Head of Corporate Communications
T: +44 20 7887 1063        E: catrin.sharp@hammerson.com
FTI Consulting (for Hammerson)
Dido Laurimore
T: +44 20 3727 1000        E: Dido.Laurimore@FTIConsulting.com



Notes to editors

Hammerson’s senior unsecured debt is rated Baa3 by Moody’s and BBB+ by Fitch. Barclays, BNP Paribas,
J.P. Morgan and MUFG acted as Joint Lead Managers on the Bonds issuance. Barclays and BNP Paribas
acted as ESG Structuring Co-ordinators. Bank of China, ICBC Standard Bank, Mizuho and Wells Fargo acted
as Passive Bookrunners. The Company was advised on the transaction by Lazard & Co., Limited and EY
Capital & Debt Advisory.

About Hammerson

Hammerson creates vibrant, continually evolving spaces, in and around thriving European cities, with a
focus on flagship retail destinations and premium outlets. As at 31 December 2020, our portfolio of high-
quality venues had a value of £6.3 billion and included 20 flagship destinations in thriving cities and
investments in nine premium outlet villages through our partnership with Value Retail. Key retail venues
include Bullring & Grand Central, Birmingham, Bicester Village, Oxfordshire, Dundrum Town Centre, Dublin,
and Les Terrasses du Port, Marseille.

Date: 27-05-2021 08:00:00
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