DREF places first bond secured on German student housing
Deutsche Real Estate Funds (DREF) has launched a delayed and scaled-back €44m bond issue to fund student housing in a deal believed to be the first of its kind in Germany for the asset class. The bond has a five-year term and carries a coupon of 4.675%. It is senior secured mortgage-backed and has a Creditform investment grade rating of BBB.
9 June 2015•2 mins read
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