Atrium European Real Estate Limited, a leading owner, operator and developer of retail real estate and shopping centres in Central and Eastern Europe, announces that it has successfully completed the placement of a €350m unsecured seven year eurobond, maturing in April 2020 bearing a fixed coupon of 4.00 percent per annum. The issue price was 99.569 percent.
The order book for the issue was over €1.3bn, representing an oversubscription of some 3.7 times.
The Bond has been placed with a broad range of institutional debt investors across Europe and confirms the confidence of investors in Atrium’s credit profile. Both Standard & Poors and Fitch have assigned a BBB – investment grade credit rating to the Bond, in line with Atrium’s own corporate rating.
The proceeds of the issue will strengthen Atrium’s liquidity and will be used for general corporate purposes, including acquisitions, as and when identified, as well as the refinancing of its existing secured debt.
