Aroundtown secures another €500mn in the bonds market
Aroundtown has issued another a large bond. The firm placed perpetual subordinate bonds for €500mn, with a coupon of 2.875 % and a first reset date in 2025. The bonds are to be traded at the Dublin Exchange. Only last week, the commercial investor issued two senior bonds for €1.4bn with terms until 2025 and 2028, following a £400mn bond until 2024. Early in the year, the bond market was still closed in expectation of rising interest rates, Aroundtown Deputy CEO Andrew Wallis recently told journalists. The firm is using the now-changed situation to arrange long-term financing, because “the greatest risk for real estate companies are interest and financial structure”.
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