PropertyEU

Aareal secures EUR 4bn guarantee facility from Soffin

By A staff reporter 2009-03-18T00:00:00

Property financier Aareal Bank has secured a guarantee facility of up to EUR 4 bn from the German Financial Markets Stabilisation Fund (Soffin). The guarantees are in addition to a definite agreement reached on a EUR 525 mln silent participation by SoffIn in Aareal.

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