Home Capital markets
Capital markets
Bank of America Merrill Lynch’s UK CMBS deal shows investment banks remain determined to finance European real estate in this late-cycle market.
The French real estate investment trust Klépierre has raised €500 million through a bond issue.
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.
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.
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 […]
The 10-year notes carry an annual coupon of 1.5%.
The fresh capital will be used for general corporate purposes.
Berlin Hyp has issued its second unsecured ‘green’ Pfandbrief, representing the German bank’s fourth green bond issue since 2015, with a total volume of €2 billion.
The transaction has been oversubscribed by about seven times, with total orders of more than €2 billion.
German property firm Deutsche Wohnen is planning to raise up to €800 million through the issue of convertible bonds maturing in January 2026.