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Aroundtown SA ( (DE:AT1) ) has shared an announcement.
Aroundtown SA has issued €750 million in perpetual notes with a 5.125% coupon, slightly below the rate on a similar issuance in October 2025, reflecting improved financing conditions and sustained investor confidence, as evidenced by an orderbook nearly four times oversubscribed. Classified as 100% equity under IFRS and expected to receive 50% equity credit from S&P with a BB+ rating, the new notes will be used to refinance outstanding and higher-coupon perpetual instruments through a concurrent tender offer and potential redemptions, allowing the company to proactively manage upcoming first call dates in 2026 and partially mitigate future coupon costs, thereby strengthening its capital structure and financial flexibility.
More about Aroundtown SA
Aroundtown SA is the largest listed German commercial real estate company, trading on the Prime Standard of the Frankfurt Stock Exchange under the symbol AT1. The group invests in income-generating, quality commercial properties with value-add potential in central locations across top-tier European cities, with a primary focus on Germany, the Netherlands and London.
See more data about AT1 stock on TipRanks’ Stock Analysis page.