DGAP-News: Grand City Properties: Increase of Series B Bonds to EUR 200 million successfully completed
(firmenpresse) - DGAP-News: Grand City Properties S.A., / Key word(s): Issue of Debt
Grand City Properties: Increase of Series B Bonds to EUR 200 million
successfully completed
24.07.2013 / 14:10
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Grand City Properties: Increase of Series B Bonds to EUR 200 million
successfully completed
Luxembourg / Berlin, 24 July 2013: Grand City Properties S.A. (the
'Company') today successfully completed the increase of its Series B Bond
by issuing 100,000 Further Series B Bonds with a denomination of EUR 1,000
each and a final amount of EUR 100 million. The issue was over-subscribed.
Orders of retail investors were fully accepted. Today the trading of both
tranches of the Series B Bonds with a total consolidated amount of EUR 200
million commenced in the Entry Standard segment for bonds on the Frankfurt
Stock Exchange. On or around 2 September 2013, the Further Series B Bonds
(current ISIN XS0951839991) will be merged with the first tranche of the
Series B Bonds and will form a single series under the existing ISIN
XS0937063310.
About Grand City Properties:
Grand City Properties (ISIN: LU0775917882) focuses on investing in
residential property in Germany, especially in large urban high-density
areas. The Company follows primarily a buy and hold strategy. Efficient
management tools enable sustainable and targeted management of real estate.
The company valorize the objects through targeted modernization and runs an
intensive tenant management. The company's portfolio comprises some 16,000
residential units including signed pipeline deals with lettable space in
excess of 1.1 million square metres. In 2012, Grand City Properties has
posted an EBITDA of 122 million euros and a net profit of 93 million euros.
Since May 2012, Grand City Properties is listed on the Frankfurt Stock
Exchange in the stock market segment Entry Standard. Further information:
www.grandcityproperties.com
Press Contact:
Dariusch Manssuri
IR.on AG
T: +49 (0) 221 9140 975
E: dariusch.manssuri(at)ir-on.com
Contact:
Kathrin Behlau
Grand City Properties S.A.
T: +49 (30) 887088183
E: anleihe(at)grandcityproperties.com
www.grandcityproperties.com
Disclaimer:
This press release does not constitute an offer to sell or an invitation to
make a bid for the purchase or subscription of bonds of Grand City
Properties S.A. The offer of bonds of Grand City Properties S.A. must be
made exclusively on the basis of the securities prospectus approved by the
Luxembourg Financial Supervisory Authority (CSSF), which has been published
at www.grandcityproperties.com/bond. This press release does not constitute
an offer to sell securities in the United States of America, Canada,
Australia, Japan or other jurisdictions in which an offer is subject to
statutory restrictions. The securities mentioned in this press release may
not be offered or sold in the United States or to US persons (as defined in
Regulation S under the Securities Act of 1933 as amended from time to time
(the 'Securities Act')) unless they have previously been registered or, if
they have not previously been registered, only based on an exceptional
regulation. Subject to certain exceptions pursuant to the Securities Act,
the securities mentioned in this press release may not be offered or sold
in Australia, Canada or Japan or to, or for the account of, Australian,
Canadian or Japanese residents. The offer or the sale of the securities
mentioned in this press release will not be registered in Canada, Australia
and Japan in accordance with the respective legal provisions in these
countries. It is not intended to make a public offer of securities in the
United States.
End of Corporate News
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24.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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222690 24.07.2013
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Datum: 24.07.2013 - 14:10 Uhr
Sprache: Deutsch
News-ID 281319
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Kategorie:
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