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Beni Stabili places €300m unsecured bond

Listed Italian real estate company Beni Stabili has raised €300 million through the issue of senior unsecured bonds, in a deal designed to optimise its funding strategy.

Bonds pave China’s Belt & Road plan

Singapore’s GLP has raised capital for its purchase of Gazeley by tapping Chinese President Xi Jinping’s drive to improve trade with Europe.

Santander issues £917m CRE loan securitisation

Santander has issued a £916.8 million (€1 billion) commercial real estate loan securitisation, in one of the first synthetic transactions of UK commercial property assets since the financial crisis.

The reappearance of European CMBS

The European CMBS market has worked on a slow burn this year even by its own standards, with the first public deal creeping in just weeks before the end of 2017.

Investment banks are still in the game

Bank of America Merrill Lynch’s UK CMBS deal shows investment banks remain determined to finance European real estate in this late-cycle market.

Klépierre raises €500m through bond issue

The French real estate investment trust Klépierre has raised €500 million through a bond issue.

BAML prices ‘last mile’ CMBS

Bank of America Merrill Lynch has priced a £347.9 million (€389.3 million) UK CMBS, against the backdrop of a market which has been virtually closed for around 18 months.

Deutsche Hypo raises €500m in green bond debut

German bank Deutsche Hypo has placed its first ‘green’ Pfandbrief, raising €500 million through the issue of a six-year bond with a coupon of 0.125 percent.

Spanish servicer to raise €475m through inaugural bond

Cerberus-owned Haya Real Estate is planning to raise €475 million through a bond issue expected to close by 15 November. The senior, secured five-year bond includes a €250 million fixed-rate tranche, with an annual coupon of 5.25 percent; and a €225 million floating-rate tranche with a coupon of three-month Euribor (subject to a zero percent […]

German REIT raises €350m through bond issue

 The 10-year notes carry an annual coupon of 1.5%.