Frankfurt-listed Aroundtown Property, Germany's largest publicly-listed commercial real estate company, has successfully placed £500 mln (€559 mln) 3% fixed rate notes with a maturity of 12 years.
Due 2029, the notes were issued under Aroundtown's Euro Medium Term Note Programme (EMTN) at an price of 97% of their principal amount.
The company said it intended to use the amount raised by the notes to fund its growth strategy and re-finance and/or repay existing debt.
Aroundtown will hedge the currency risk of the notes via a cross currency swap of GBP into EUR.
The notes will be admitted to trading on the regulated market of the Irish Stock Exchange.
