Aroundtown SA (DE:AT1) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Aroundtown SA has announced that it will not exercise its option to redeem its 3.375% and 2.875% perpetual notes, maintaining them as equity under IFRS for financial covenants. This decision reflects the company’s strategic financial management approach amid its position as the largest listed German commercial real estate entity.
For further insights into DE:AT1 stock, check out TipRanks’ Stock Analysis page.