India, May 6 -- Commercial real estate company Aroundtown (AT1.DE) said that it successfully issued a 750 million euros 5-year senior unsecured bond and in parallel launched a tender offer to buyback certain bond series targeting over 2 billion euros nominal amount. The company is pro-actively managing its debt structure by extending its maturity profile and supporting its costs of debt.
The company stated that the new Series 41 Straight Bond will carry a coupon of 3.5% significantly lower to the coupon of 4.8% at the last issuance in July 2024 and marks the successful reduction of the marginal cost of debt. The bond is expected to be rated BBB by S&P.
In parallel, the company has launched a tender offer to holders of certain series of it...