Ramón y Cajal advises Inmobiliaria Colonial on €1.2bn bond issue

Ramón y Cajal Abogados advised Inmobiliaria Colonial on a €1.2 billion bond issue.

Morgan Stanley acted as global coordinator of the issue and BBVA, Banco Sabadell, CaixaBank, Crédit Agricole CIB, ING and JP Morgan as joint lead managers.

The bonds are listed on the regulated market of the Irish Stock Exchange. A Ramón y Cajal statement said the transaction meant Colonial has become “the first Spanish real estate debt in issue after the Spanish economic crisis that began in 2007”.

The Ramon y Cajal team was led by partners Carlos Lao and Andrés Mas.