German RE Bonds Reach EUR11bn
Peter Barkow | for updates on RE sign up >> HERE
Following the Deutsche Annington hybrid bond and LEG convertible issues we have run some numbers on the space, which we think you might find interesting:
– Since 2009 German RE bond issuance has reached EUR11bn (benchmark bonds, convertibles, CMBS and mini bonds)
– 46% of the volume was generated by CMBS, 30% by benchmark bonds, mini bonds accounted for 11% and convertibles for 14%
– Ytd we are counting 11 announced transactions (four convertibles, six mini bonds as well as the Annington hybrid) with a combined volume of EUR1.4bn
