LEG woos investors for dual trancher priced over Vonovia

LEG_Immobilien_HQ_Alamy_230x150_19Nov19
By Mike Turner
19 Nov 2019

LEG Immobilien, the German property company, marketed a multi-tranche bond on Tuesday. Investors looked at the curve of domestic rival Vonovia to divine relative value.

LEG, rated Baa1, has hired Commerzbank, Deutsche Bank and HSBC to arrange European investor calls.

It wants to print a €500m no-grow eight year bond and either a 12 year or a 15 year €300m no-grow, for a total of €800m.

LEG only has one bond ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.