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March 02, 2018  

REITs Target US, European Buyers

Corporate-bond issuance by U.S. REITs picked up sharply this week on both sides of the Atlantic Ocean.All told, four firms sold $2.1 billion of paper at higher prices than expected. Essex Property and Regency Centers each placed $300 million of bonds with U.S. investors. Meanwhile, Equinix and W.P. Carey pitched a total of €1.25 billion ($1.5 billion) to European bond buyers.The two dollar-denominated offerings flew off the shelves at...

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