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Aroundtown SA ( (DE:AT1) ) has shared an announcement.
Aroundtown SA has successfully completed a €1 billion buyback of perpetual notes, with a total expected buyback amount of €1.2 billion. This strategic move allows the company to replace higher coupon rate notes, resulting in annualized savings of approximately €50 million and enhancing its financial metrics, reflecting strong investor confidence and robust access to capital markets.
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. The company invests in income-generating quality properties with value-add potential in central locations in top-tier European cities, primarily in Germany, the Netherlands, and London.
Find detailed analytics on AT1 stock on TipRanks’ Stock Analysis page.