Alstria Office Reit €500 million debut bond issue

Overview:

• Alstria Office Reit issued its debut bond of €500 million to refinance the bank debt of DO Deutsche Office, which it agreed to acquire in 2015. 
• The unsecured bond will be listed on the Luxembourg Stock Exchange.
• The notes have a fixed rate of 2.25% and mature March 24, 2021.
• The issue was three times oversubscribed.
• Alstria reached an €800 million all-share agreement with Deutsche Office shareholders to take over the company in November 2015.

Ben Naylor - Regional Editor