Scentre Group prices $3.0 billion of subordinated hybrid notes

SINGAPORE: Scentre Group priced a US$3.0 billion (A$4.1 billion) subordinated hybrid note issue in the United States market. The hybrid note issue comprises: US$1.5 billion 60-year, non-call 6-year subordinated notes with a coupon of 4.75%; US$1.5 billion 60-year, non-call 10-year subordinated notes with a coupon of 5.125%. The hybrid notes have a 60-year maturity date…