By Angela McDaniels
Tacoma, Wash., Oct. 30 – Adler Real Estate AG priced €50 million of additional 4¾% corporate bonds due 2020, increasing the size of the issue to €350 million.
The original €300 million of bonds priced to yield 5% in April.
Oddo Seydler Bank AG, Frankfurt, was the global coordinator. Oddo & CIE, Paris, was the joint bookrunner.
The proceeds of the add-on will be used primarily for refinancing and growth.
Adler is a real estate company with headquarters in Frankfurt.
| Issuer: | Adler Real Estate AG
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| Amount: | €50 million
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| Tenor: | 2020
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| Securities: | Corporate bonds
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| Global coordinator: | Oddo Seydler Bank AG, Frankfurt
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| Joint bookrunner: | Oddo & CIE, Paris
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| Coupon: | 4¾%
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| Total issue size: | €350 million
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