DREF places first bond secured on German student housing

Deutsche Real Estate Funds (DREF) has launched a delayed and scaled-back €44m bond issue to fund student housing in a deal believed to be the first of its kind in Germany for the asset class. The bond has a five-year term and carries a coupon of 4.675%. It is senior secured mortgage-backed and has a Creditform investment grade rating of BBB.

To view this content, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to access this content and more for free.

Share this