Aroundtown taps sterling investors for fourth currency of the year
On Wednesday, Aroundtown took advantage of the current very favourable conditions in the sterling market. The Germany-focused property company’s debut issue in the currency took to four the number of different currencies the issuer has sold bonds in during 2017.
Before 2017, the company had funded itself exclusively in euros, but in March it issued its first dollar bond. The $400m 15 year trade was followed by a Nkr750m 10 year trade in June.
Lead managers Citi
group, Deutsche Bank
, Goldman Sachs
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