Simon Property Group Launches €500 Million 3.65% Unsecured Notes Due 2031
SPG•Simon Property Group’s subsidiary Simon Global Development B.V. will sell €500,000,000 principal amount of 3.650% unsecured notes due 2031 in a Regulation S offering to non-U.S. investors. The fully guaranteed notes, expected to close on June 15, 2026, will list on the Luxembourg Stock Exchange and fund general corporate purposes.
1. Offering Terms
Simon Global Development B.V., an indirect subsidiary of Simon Property Group, has agreed to sell €500 million principal amount of 3.650% unsecured notes due June 15, 2031 in an offering exclusively to non-U.S. persons under Regulation S.
2. Guarantee and Use of Proceeds
The notes will be fully and unconditionally guaranteed by Simon Property Group and net proceeds are intended for general corporate purposes, supporting ongoing operations and strategic initiatives.
3. Listing and Regulatory Structure
The offering is expected to close on June 15, 2026, subject to customary conditions, with admission to the Official List of the Luxembourg Stock Exchange and trading on the Euro MTF Market under an exemption from registration in the United States.
