DGAP-News: IMMOFINANZ AG starts road show for corporate bond
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Bond
IMMOFINANZ AG starts road show for corporate bond
13.06.2012 / 10:59
---------------------------------------------------------------------
NOT FOR DISTRIBUTION IN THE USA, UK, CANADA, JAPAN OR AUSTRALIA
IMMOFINANZ AG starts road show for corporate bond
Today marks the official start of a road show by IMMOFINANZ AG in
connection with the placement of a new corporate bond (ISIN AT0000A0VDP8).
With a denomination of EUR 1,000, this security is particularly attractive
for private investors. The bond will be offered in Austria, Germany and
Luxembourg from 18 to 22 June 2012 (early closing possible). The interest
rate is expected to equal 5.25%, but the exact rate will be determined as
part of the bookbuilding process and announced immediately before the start
of the subscription period. The bond has a five-year term. The issuer is
targeting an issue volume of at least EUR 75 million. The value date is
expected to be 3 July 2012.
The IMMOFINANZ bond
BAWAG P.S.K. AG, Raiffeisen Bank International AG and UniCredit Bank
Austria AG will serve as lead managers for the transaction. Plans call for
the use of the proceeds from the partial debenture primarily for the
refinancing of the convertible bond 2007-2017 (ISIN XS0283649977), which
carries a put option for bondholders, as well as for general corporate
purposes.
'In view of the current low interest rates on savings, we are optimistic
that our retail bond will be well received by the market. This bond, which
represents an alternative form of investment along with IMMOFINANZ shares,
also creates an opportunity to participate in the success of our company at
attractive conditions', commented Eduard Zehetner, Chairman of the
Executive Board of IMMOFINANZ Group, on the issue of this corporate bond.
Karl Sevelda, Deputy CEO of Raiffeisen Bank International AG, underscored
the favourable market climate for corporate bonds: 'With the issue of this
bond, IMMOFINANZ Group is now utilising the positive market for this class
of security. This year, the Austrian capital market has already seen
successful corporate bond placements by 14 companies.'
'As one of the leading listed players on the Austrian and European real
estate market, IMMOFINANZ Group has been in this business for over 20
years. The company is again stable and highly successful, and we are
optimistic that this first general public bond will be very popular with
real estate-oriented investors from the private banking and asset
management sectors', stated Dieter Hengl, member of the Management Board
for Corporate&Investment Banking at Bank Austria.
'We are pleased to accompany a bond issue by IMMOFINANZ AG for the first
time as a lead manager together with Bank Austria and Raiffeisen Bank
International. In recent years, the demand by private customers for
Austrian corporate bonds has risen substantially. Corporate bonds represent
an attractive alternative for investment-oriented private customers to
expand their portfolios by adding Austrian issuers', explained Andrea
Vaz-König, Division Manager for Corporate&Market Solutions at BAWAG
P.S.K.
IMMOFINANZ Group: a real estate machine with a diverse mix of financing
partners
In spite of the volatile economic environment, IMMOFINANZ Group is still
able to arrange financing for its standing investments, acquisitions and
development projects at acceptable conditions. The high-equity company
benefits from established business relations with over 110 banks and
financial institutions in Austria and other countries. Widely diversified
financing makes IMMOFINANZ Group independent of individual institutions
and, at the same time, ensures broad access to a variety of financing
sources.
'This financial independence places us in the fortunate position to
concentrate even more on our core business. The rental of standing
investments is our major source of earnings, while trading and development
bring rising income and growth. We are now working hard to transform
IMMOFINANZ Group from a real estate manager into a real estate machine. The
development of sustainable high-quality properties, professional management
and cycle-optimised sales create greater profitability along the entire
value chain. That means: we are increasing the development of high-quality,
sustainable projects at core and core+ locations. This work is based on a
clearly defined, standardised and industrialised process. We stabilise our
own development projects through active asset management and then sell them
at the best point in time. This increases our opportunities to realise a
selling price that is substantially above the carrying amount. We then
reinvest the resulting funds in new development projects in order to keep
the machine going', explained Zehetner.
Disclaimer
This release constitutes neither an offer to sell nor a solicitation to buy
any securities. A potential bond will be exclusively offered by means and
on the basis of a published prospectus of Immofinanz AG, approved by the
Commission de Surveillance du Secteur Financier and passported to Austria
and Germany.
This release and the information it contains are not for publication in the
United States of America (U.S.A.) and may not be distributed to U.S.
persons (as defined in Regulation S of the U.S. Securities Act ('Securities
Act') of 1933, as amended) or to publications with a general circulation in
the U.S.A. Further, this release is exclusively addressed to persons (i)
outside the United Kingdom, or (ii) who are investment professionals for
the purposes of article 19(5) U.K. Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the 'Order'), as amended, or (iii) who
are included under article 49(2)(a)-(d) of the Order ('high net worth
companies, unincorporated associations, etc.).
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe
and is included in the leading ATX index of the Vienna Stock Exchange.
Since its founding in 1990, the company has compiled a high-quality
property portfolio that now comprises more than 1,830 investment properties
with a carrying amount of approx. EUR 9.81 billion. The core business of
IMMOFINANZ Group covers the acquisition and management of investment
properties, the realisation of development projects and the sale of
objects. IMMOFINANZ Group concentrates its activities in the retail,
office, logistics and residential segments of eight regional core markets:
Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and
Russia. Further information under: www.immofinanz.com.
Contact:
For additional information contact:
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ AG
M +43 (0)699 1685 7312
investor(at)immofinanz.com
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor(at)immofinanz.com
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43 (0)699 1685 7292
communications(at)immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
---------------------------------------------------------------------
13.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/CorporateNews and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
---------------------------------------------------------------------
173767 13.06.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.06.2012 - 10:59 Uhr
Sprache: Deutsch
News-ID 155905
Anzahl Zeichen: 8895
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 335 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: IMMOFINANZ AG starts road show for corporate bond"
steht unter der journalistisch-redaktionellen Verantwortung von
IMMOFINANZ AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
