Cairn, CPPIB to buy bond secured by Romanian real estate
Cairn Capital and Canada Pension Plan Investment Board (CPPIB) have agreed to buy a €180 million ($262 million) bond secured on properties owned by Globalworth Real Estate Investments Ltd, a European real estate investment firm. CPPIB's credit investments arm will acquire €150 million of the bond, with Cairn accounting for the rest. The bond is secured by prime real estate assets in Bucharest, Romania. London-based Cairn is a credit asset management, advisory and securities restructuring firm.
31 May 2016•4 mins read
