TLG places €600mn bond with 1.5 % interest


TLG Immobilien has placed a senior unsecured corporate bond with a €600mn nominal value. Proceeds are to be used for property acquisitions and general business purposes. The notes have a 7-year term and will bear 1.5% interest per year, which is below the average of current corporate liabilities. In late 2017, TLG had placed an €400mn unsecured loan with the same term, a coupon of 1.375 % and an issue price of 99.735 %.

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