Vesteda makes unsecured debut for €300m

Vesteda houses for new website
By Jon Hay
15 Jul 2014

Vesteda, the Dutch residential property company, followed in the wake of Deutsche Annington on Tuesday by issuing its first unsecured bond, as it shifts to an unsecured capital structure and pays back a large securitization.

The company has a €3.97bn portfolio of about 25,000 homes in the main Dutch regions of the Randstad conurbation and North Brabant. It is structured as an unlisted mutual fund, Vesteda Residential Fund FGR, which is open only to institutional investors. The fund is managed by Vesteda Investment ...

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