Home Capital markets

Capital markets

German property investor Demire (Deutsche Mittelstand Real Estate) has raised a further €130 million of its unsecured corporate bond, which was originally issued in July this year.
HB Reavis has raised PLN 220 million (€51.9 million; $60.3 million) from the issue of a new tranche of its PLN 500 million Polish bond programme.
LendInvest, the UK property lender, is aiming to raise £50 million through the issue of its first retail bond.
Aroundtown Properties has raised €500 million of fresh capital through the placement of a bond priced at 1.875 percent.
French property developer and investor Altarea Cogedim has issued its inaugural bond, raising €500 million.
Romania's Globalworth Real Estate Investment has raised €550 million through a bond issue to further expand its presence in the central and eastern Europe market, with a focus on Poland.
French real estate investment trust Gecina has raised €1.5 billion through a bond issue, which will partially refinance a bridge loan it used to acquire local property investor Eurosic.
London-based housing association Hyde has financed itself through a £400 million bond, understood to be the largest long-dated bond to be issued from the sector.
The launch of a UK student housing-backed bond shows that capital markets distribution remains an option, but only in certain cases.
Hammerson has issued a £350m, 10-year bond priced at 173bps over the reference gilt with an annual coupon of 3.5%. The bond was two-times oversubscribed.

Copyright PEI Media

Not for publication, email or dissemination