Rodamco Europe, the Dutch retail property investment and management company, attracted orders worth more than €3bn ($3.5bn) for its debut benchmark Eurobond, as investors seized the chance to diversify their bond portfolios.

The €500m transaction, which was launched on Tuesday via lead managers ABN Amro, JP Morgan and UBS, drew orders worth €3.1bn from more than 200 investors. The strong demand enabled the lead managers to tighten the price guidance from an initial range of 70 to 75 basis points (bps) over the mid-swap rate to 65bps at time of pricing.