Immofinanz Immobilien has announced the EUR 750 mln sale of convertible bonds. The placement was offered solely to institutional investors and involved 49.4 million shares at a conversion price of EUR 15.18, reflecting a 32% premium over the EUR 11.5 reference share price.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
