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The latest announcement is out from Aroundtown SA ( (DE:AT1) ).
Aroundtown SA has successfully issued an €850 million bond and launched a buyback tender to optimize its debt profile. The bond issuance, which was over three times oversubscribed, features a lower coupon rate, reflecting the company’s improved credit strength. The buyback tender aims to manage upcoming maturities and reduce interest expenses by targeting bonds with shorter maturities and higher coupons, further optimizing Aroundtown’s debt profile.
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. It invests in income-generating quality properties with value-add potential in central locations across top-tier European cities, primarily in Germany, the Netherlands, and London.
For detailed information about AT1 stock, go to TipRanks’ Stock Analysis page.