ALE seeing institutional demand in first retail deal of 2010
- Friday, 26 March 2010
The first retail deal of 2010 opened on March 24 with ALE Property Group (ALE) (NR) offering to sell around A$100 million (US$90.8 million) of subordinated four-year notes with an indicative margin of 400-420 basis points over swap. The firm, which has only issued wholesale debt in commercial mortgage-backed securities (CMBS) format, says institutional demand for the new deal is substantial.
