Deutsche Annington uses €700m hybrid in €2.4bn flats acquisition

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Deutsche Annington uses €700m hybrid in €2.4bn flats acquisition

Deutsche Annington homes for new website

Deutsche Annington, the German housing company part-owned by Terra Firma, issued its first hybrid capital bond on Tuesday, raising €700m. It was the first large hybrid capital issue from a European property company, bankers said, and demonstrated clearly how the instrument can be used in acquisition finance.

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