German listed property company Alstria Office REIT has placed a €500 mln bond to refinance the existing bank liabilities of Deutsche Office, another German office landlord, which Alstria acquired in October 2015.
'With the placement of our second bond we concluded the refinancing of the debt of Deutsche Office,' said Alstria CEO Olivier Elamine. 'Following our debut bond in November last year, we have successfully managed to establish alstria in the public credit market as demonstrated by the very strong demand that the order book generated.'
The seven-year unsecured bond had a fixed coupon of 2.125%. Standard & Poor's (S&P) has assigned a preliminary BBB rating to the bond, which will trade on the regulated market of the Luxembourg Stock Exchange.
