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28 May 2012

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Belgium's Banimmo raises E75m in bonds for acquisitions

Belgian real estate company Banimmo, a unit of French REIT/SIIC Affine, has raised E75m through an issue of five-year bonds with warrants to be used to finance acquisitions. If all warrants are exercised, this will lead to a capital increase of E51m aimed to strengthen equity and improve the liquidity of the stock by facilitating entry of new shareholders and expanding free float. (See upcoming PIE Editions for full story)

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