The five year bond has a 3% coupon and was issued at 95.68, giving it a 4% yield to its par redemption. PrimeCity Investments , an unlisted member of Germany Gabay"s stable of property investment companies has issued a € 450 pre-IPO convertible which embodies a strong pledge that the company will float in the next year . Aroundtown invests largely in turnaround assets in Grand City Properties via stakes in Grand City Properties and Aroundtown Properties .
PrimeCity Investments , an unlisted member of Germany Gabay"s stable of property investment companies has issued a € 450 pre-IPO convertible which embodies a strong pledge that the company will float in the next year . Aroundtown invests largely in turnaround assets in Grand City Properties via stakes in Grand City Properties and Aroundtown Properties .