By Toni Weeks
San Luis Obispo, Calif., March 28 - Adler Real Estate AG said it placed €50 million of 6% five-year bonds on Friday.
Close Brothers Seydler AG is the bookrunner.
Proceeds will be used to expand the company's residential real estate portfolio.
Adler is a Hamburg, Germany-based real estate company.
| Issuer: | Adler Real Estate AG
|
| Issue: | Bonds
|
| Amount: | €50 million
|
| Maturity: | Five years
|
| Coupon: | 6%
|
| Bookrunner: | Close Brothers Seydler AG
|
| Settlement date: | March 28
|
| Stock ticker: | ETR: ADL
|
| Stock price: | €5.21 at close March 28
|
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