Deutsche Wohnen’s €1.5bn refi to lower interest costs, LTV

Deutsche Wohnen, Germany's second-largest listed residential landlord, will be refinancing €1.5bn of bank debt "We hope to finish the total £1.5bn refinancing by the end of July, but it depends on market conditions," said Deutsche Wohnen's head of investor relations Torsten Klingner. The company will use mixture of bonds, new bank loans and cash to refinance and repay loans that mature mainly in 2018 and 2019.