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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.
Kennedy Wilson Europe Real Estate (KWE) has closed its £300m debut senior unsecured bond with a 3.35% coupon.
The seven-year bond, rated BBB by Standard & Poor’s, has an annual fixed coupon of 3.95%. The coupon was effectively reduced to 3.35%, 10 bps lower than expected, as a result of KWE entering into swap arrangements to convert 50% of the proceeds into euros.
Kennedy Wilson Europe has launched a £300m senior unsecured bond in its first ever issue.
The seven-year bond, rated BBB by Standard & Poor’s, has an annual fixed coupon 3.95%. The coupon is expected to reduce to around 3.45% upon KWE entering into swap arrangements to convert a portion of the proceeds into euros.
French REIT Gecina has placed a €500m, nine-year bond carrying a coupon of 2%, 115bps over the mid-swap rate.
The latest issue was taken up by a large pan-European base, the company said. The funds will be used to refianance some of the corporate credit facilities related to last week's €1.24bn purchase of two landmark office assets in Paris from Ivanhoé Cambridge: PSA group’s historic headquarters in central Paris near L'Arc de Triomphe and the T1&B towers in La Défense.