ADO sells HY bond after merger

By Silas Brown
30 Jul 2020

German real estate firm ADO Properties has sold a €400m five year high yield bond, its first since an audacious merger with competitors Adler Real Estate and Consus.

ADO Properties sold the bond in order to pay down a portion of a bridge loan signed in January this year.

JP Morgan was sole global coordinator, while Barclays, Deutsche Bank and JP Morgan were joint bookrunners. Natixis and Santander were on the ticket as co-managers. The senior ...

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