Westfield plans to issue £750 million of commercial mortgage-backed floating rate notes to refinance a five-year loan secured by the London based Stratford mall, according to a person familiar with the deal.

Credit Agricole and Deutsche Bank are joint lead managers on the deal.

DBRS is expected to assign ‘AAA’ ratings to the notes; Fitch Ratings is also expected to rate the deal. The notes have a weighted average life of 6.6 years and a legal final maturity of August 2024.

Westfield’s Stratford mall is a 1.9 million square feet shopping center located adjacent to the Olympics site, in East London.

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