By Laura Contemori – ROME (Econostream) – Luxembourg-based real estate company Aroundtown SA on Tuesday priced an €850 million senior unsecured 3.625% bond due July 14, 2031.
The deal was reoffered at 97.294 for a yield of 4.237%, with a spread of 140bp over mid-swaps.
The issue is expected to be rated BBB by S&P.
Settlement is scheduled for July 14, 2026.
Citigroup, Crédit Agricole CIB, Deutsche Bank, J.P. Morgan and UniCredit acted as joint bookrunners.
The time of execution on the pricing was 15:29 UK time (16:29 CET).