Immofinanz and Heimstaden Bostad push real estate risk through market

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By Mike Turner
08 Oct 2020

Europe’s investment grade corporate bond market saw trades from the Covid-19 rocked real estate sector on Thursday, with Immofinanz and Heimstaden Bostad attracting less demand than recent similarly rated trades.

Austrian commercial real estate company Immofinanz, rated BBB- with S&P, opened books on a benchmark sized October 2027 trade at 350bp, while Swedish residential real estate company Heimstaden Bostad, rated BBB- with S&P but issuing hybrid debt at BB, opened books on its €500m no-grow hybrid perpetual non-call ...

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