German real estate issuers swell euro high yield ranks

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German real estate issuers swell euro high yield ranks

Brandenburg Gate Fair
People riding a caroseul in front Brandenburg Gate in Berlin, Germany, 03 October 2016. Today celebrations for German Unity Day are taking place. In backrgound a German flag and also the EU flag can be seen. Photo: MONIKA SKOLIMOWSKA/dpa | Monika Skolimowska/DPA/PA Images

The pipeline of high yield deals from German real estate borrowers is finally building up after more than two years of work with underwriters and lawyers. A new €300m bond from Corestate should pave the way for more players to shift their funding from bank loans to bonds, said market participants.

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