Frankfurt-listed Aroundtown Property and its wholly owned Dutch subsidary ATF, have carried out a €500 mln bond placement to help fund the group's growth strategy and to repay or refinance existing debt.
The placement of the 1.875% fixed rate notes due 2026 took place under the company's €1.5 bn Medium Term Note programme. The issue price equated to 97% of the principal amount of the notes.
Issued by ATF and guaranteed by Aroundtown, the notes will trade on the regulated market of the Irish Stock Exchange.
Goldman Sachs International, JP Morgan, Morgan Stanley and UBS served as bookrunners for the offering.
Aroundtown is a specialist real estate company focusing on value-add and income generating properties, primarily in the German and Dutch real estate markets.
