Blackstone gets real estate risk through high grade market

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By Mike Turner
19 Oct 2020

Blackstone Property Partners, the pan-European real estate company, got solid demand for its April 2027 bond on Monday, after last week’s tepid reaction from investors to the sector that saw a deal pulled.

Blackstone, rated BBB with S&P, opened books on an expected €500m April 2027 trade at 200bp to 205bp over mid-swaps

The deal comes a week after BBB- rated German commercial real estate company DIC Asset pulled its €500m five year trade after setting final terms after not being able ...

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