Cromwell E-REIT repurchases €50m in bonds due November 2025

The repurchase represents 10% of the initial aggregate principal amount of the bond.

Cromwell EREIT’s (CEREIT) wholly-owned subsidiary, Cromwell EREIT Lux Finco S.à r.l., bought back €50m of the €500m 2.125% bonds due 19 November 2025 it issued.

In a bourse filing, CEREIT said the repurchase represents 10% of the initial aggregate principal amount of the bond.

Following the buyback, the aggregate principal amount of the bonds outstanding will be €450,000,000.

CEREIT said the bond buyback will provide investors “additional confidence” in the REIT’s capital management strategies" and allow it “to be well-placed for when the interest rate and real estate cycles turn.”

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