Property focus of corporate activity as APPF Retail launches 2012

The fledgling revival of the corporate bond market in Australia continues to focus on names from the property sector, with Lend Lease asset management subsidiary Australian Prime Property Fund Retail (APPF Retail) (A) launching a A$150 million (US$119.87 million) three-year maturity transaction on July 17 and at least two other property issuers understood to be circling.