International housing investor Akelius Residential Property has issued €600 mln of senior unsecured bonds.
According to the Stockholm-listed company, the order book was quickly filled and exceeded €1.5 bn. The bonds mature in February 2025 and have an annual coupon of 1.75%.
'We are pleased to see that the interest for Akelius remains high. Good access to the capital markets give us lower risk,' commented CFO Leiv Synnes.
The bonds are expected to be listed on the Irish Stock Exchange.
Danske Bank, BNP Paribas, Swedbank and Bayern LB advised the company on financial aspects.
Clifford Chance and Gernandt & Danielsson were legal advisors.
Founded by Swedish property billionaire Roger Akelius, Akelius Residential Property owns 47,000 apartments in Sweden, Germany, France, Canada, the UK, the US and Denmark.
