German property company IVG Immobilien has raised EUR 400 mln from a convertible bond issue in a move to finance further expansion. The bonds were priced with a coupon of 1.75% and a conversion premium of 30% to the reference price of EUR 35.5560, implying a conversion price of EUR 46.22.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
