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SCENTRE GROUP — Capital/Financing Update 2026
Apr 30, 2026
65754_rns_2026-04-30_03a96668-8fb6-4b5f-9645-2724cf1f9faf.pdf
Capital/Financing Update
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SCENTRE GROUP
ASX Announcement
1 May 2026
Results of Tender Offer for Non-Call 2030 Subordinated Notes
Scentre Group (ASX:SCG) today announced the closing of the any and all tender offer of its outstanding US$1,312 million Non-Call 2030 Subordinated Notes (Notes) (A$1,794 million equivalent).
US$1,169 million of Notes (A$1,598 million equivalent), representing approximately 89% have been tendered. Settlement is scheduled for 5 May 2026 (New York City time). Under the terms of the Notes, this will enable the Group to redeem all of the remaining Notes at par.
The Group intends to exercise its redemption right as soon as practicable after settlement of the tender offer.
Following the redemption of all of the Notes, the Group's liquidity will be approximately A$3.2 billion.
The Group intends to restructure its interest rate hedging in order to increase coverage in 2027 and 2028, without reducing coverage in 2026.
The Group maintains its target for FFO to be at least 23.73 cents per security for 2026, representing at least 4.0% growth for the year.
Distributions are expected to grow by 4.0% for 2026 to 18.43 cents per security.
The Group acknowledges the current geopolitical volatility, its impact on the broader economy and in particular, the potential impact on the consumer. The Group continues to closely monitor any impact this may have on our business and outlook for 2026.
Scentre Group Chief Executive Officer Elliott Rusanow said: "This transaction forms part of the Group's capital management strategy to execute transactions that continue to deliver long-term earnings growth to our securityholders."
This announcement has been authorised for release by the Chief Executive Officer.
Further information
Company Secretary
+61 2 9358 7439
Investor Relations
+61 2 9028 8792
Corporate Affairs/Media
+61 2 9358 7739
Scentre Group Limited
ABN 66 001 671 496
| Scentre Management Limited | RE1 Limited | RE2 Limited |
|---|---|---|
| ABN 41 001 670 579 | ABN 80 145 743 862 | ABN 41 145 744 065 |
| AFS Licence No: 230329 as | AFS Licence No: 380202 as | AFS Licence No: 380203 as |
| responsible entity of Scentre Group Trust 1 | responsible entity of Scentre Group Trust 2 | responsible entity of Scentre Group Trust 3 |
| ABN 55 191 750 378 | ABN 66 744 282 872 | ABN 11 517 229 138 |
| ARSN 090 849 746 | ARSN 146 934 536 | ARSN 146 934 652 |
Level 30, 85 Castlereagh Street
Sydney NSW 2000 Australia
GPO Box 4004
Sydney NSW 2001 Australia
1 | ASX Announcement
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