German property bank Aareal Bank has announced that it successfully placed a EUR 500 mln, 3.25 year mortgage bond issue on the capital market. Given the 2.62% coupon, the bond's issue price of 99.71% is equivalent to a spread of 45 basis points above mid-swaps. The transaction was syndicated by DZ BANK and UniCredit (HVB).
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
