Real estate company Public Property Invest raises €300 million in a bond issue. The offering was heavily oversubscribed and more than 100 international investors participated, according to a press release.

"This first EUR 300 million bond issue under the EMTN program marks a new chapter in PPI's short history. We are very grateful for the confidence shown to us by investors, which resulted in the program being approximately 5 times oversubscribed", said Ilija Batljan, Acting CEO of PPI.

The net proceeds of the bond will be used for general corporate purposes and to repay existing secured debt.