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Adler Real Estate announces plans for €300 million five-year bonds
By Angela McDaniels
Tacoma, Wash., March 31 – Adler Real Estate AG plans to issue up to €300 million of five-year corporate bonds, according to a company news release.
The coupon will be determined through a book-building process.
Oddo Seydler Bank AG is the global coordinator and, together with Oddo & CIE, a joint bookrunner.
The bonds will be issued in a private placement to investors outside the United States.
Proceeds will be used to finance the takeover of WestGrund AG and to refinance existing Adler debt.
Adler is a Hamburg, Germany-based real estate company.
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