REO lays down €375m bond plan

REAL ESTATE OPPURTUNITIES (REO) has set the terms for a €375 million Irish commercial mortgage-backed bond, a source close to the deal has said.

The deal will be secured on a portfolio of 16 properties owned by REO, which has over €850m in property assets. Pricing is expected this week. There are 15 Dublin properties and one Cork property in the bond sale.