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Scentre Group Completes Over $1 Billion Tender Offer for Subordinated Notes Due 2030

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Scentre Group (ASX:SCG) completed its $1.31 billion tender offer for non-call subordinated notes due 2030, with about $1.17 billion successfully tendered, according to a Friday Australian bourse filing.

The settlement is scheduled for May 5, after which the company plans to redeem the remaining notes at par, with liquidity expected to be around AU$3.2 billion post-redemption, per the filing.

The company maintained its 2026 target for funds from operations of at least AU$0.2373 per security, reflecting a minimum 4% annual growth, and also expects distributions to increase by 4% to AU$0.1843 per security, the filing added.

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