Deutsche Annington completes rebirth via €1.3bn unsecured deal

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Deutsche Annington completes rebirth via €1.3bn unsecured deal

Deutsche Annington Immobilien, the German housing estate company owned by Terra Firma, successfully raised the €1.3bn it wanted with its first unsecured bond issue on Wednesday. The deal was not exactly a new asset class, but certainly an unusual credit in Europe — unsecured bonds from a residential property real estate investment trust.

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