Simon Property Group (NYSE: SPG) announced that its indirect subsidiary Simon Global Development B.V. agreed to sell €500 million principal amount of 3.650% unsecured notes due 2031. The offering targets non-U.S. persons outside the United States under Regulation S of the Securities Act of 1933.

The notes will be fully guaranteed by Simon Property Group and are expected to close June 15, 2026, subject to customary closing conditions. The securities are expected to be listed on the Luxembourg Stock Exchange and trade on the Euro MTF Market.

Simon Global Development B.V. is incorporated as a private limited liability company registered with the Dutch Trade Register of the Chamber of Commerce. The company expects to use net proceeds from the offering for general corporate purposes.

The notes have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Simon Property Group operates as a real estate investment trust and owns shopping, dining, entertainment and mixed-use destinations across North America, Europe and Asia. The company is included in the S&P 100 index.