Issue 2012 December 10th

This issue was created on 2012-12-10 23:45:00

  • New mechanisms replacing retail debt marketDecember 10, 2012
Corporate bonds, private placements and small retail bonds are replacing conventional banking loans in Europe, with estimates that European property groups raised about €15.4bn in the first nine months of 2012, almost double the €8.3bn raised for the whole of 2011. A lead example is Unibail-Rodamco, the French/Dutch real estate investment trust, which successfully issued €750 million of five-year bonds at a coupon of 0.75%. Most of the debt being raised is replacing existing bank loans rather than funding acquisitions or expansions.
Subscribe or log in to read the rest of this content.
Share →

Leave a Reply

Your email address will not be published. Required fields are marked *