Unibail-Rodamco, the largest listed property group in Europe, has issued a EUR 500 mln bond to strengthen its liquidity. The issuance was four times oversubscribed, the order book reaching over EUR 2 bn.

The 4.5 year bond matures in 6 April 2016 and will offer a coupon of 3.5%.

Unibail-Rodamco is rated A (stable outlook) by Standard & Poor's and FitchRatings.

The company invests in shopping centres in major European cities and office properties and convention centres in Paris. The portfolio was valued at almost EUR 25 bn end-June 2011.