Peach aims for fruitful €250m bond launch to buy more as German property soars
Another Germany-focused real estate firm is dipping into the high yield bond market. Peach Property is launching €250m of unsecured senior notes, following a successful bond issue by Demire. While Germany is on the brink of recession, its property market keeps breaking new records.
The 3.25 year bond issue will back Peach Property’s acquisition of 3,650 apartments in Germany, bringing the whole property portfolio to 12,450 apartments. The bond will have a three month par call window — likely there in the case the acquisition falls through.The company is ...
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