OREANDA-NEWS. Deutscher Studenten Wohn Bond I S.A., a subsidiary of Deutsche Real Estate Funds S.A., is planning to issue a bond (ISIN: DE000A1ZW6U2) in the Entry Standard of the Frankfurt Stock Exchange. The bond can be subscribed from today until 2 April 2015, subject to early termination of subscription. The bond has an issue volume of up to €80 million. The corporate bond runs for five years and has a coupon rate of 4.375 percent. Its nominal denomination is €1,000.

Trading is planned to commence on 8 April 2015. Applicant and specialist is equinet Bank AG.

Deutsche Real Estate Funds (DREF) is using a subsidiary to issue what it describes as the first bond financing student accommodation in Germany. It is issuing the bond via an issuing vehicle (Deutscher Studenten Wohn Bond I S.A.), which owns the student housing directly or through intermediate companies. The issue proceeds will be used exclusively to acquire and renovate up to eight student accommodation complexes in five German university cities.