Akelius returns for more euros in six month flurry
Swedish property company Akelius Residential Property has sold eight year deals in euros and sterling during the last six months, as well as a four year Swedish krone deal. That concentrated funding activity didn’t affect the success of another euro deal on Tuesday though.
The €600m deal that the BBB rated borrower sold in May had a February 2025 maturity and priced at 127bp over mid-swaps. It has tightened 40bp since then, prompting the borrower to look at the market again despite the sums it has already raised in recent months.
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