DGAP-News: TAG Immobilien AG launches corporate Note offering for up to EUR 200m
(firmenpresse) - DGAP-News: TAG Immobilien AG / Key word(s): Issue of Debt
TAG Immobilien AG launches corporate Note offering for up to EUR 200m
29.07.2013 / 08:55
---------------------------------------------------------------------
Press release
Not for distribution in the United States, Australia, Canada or Japan.
TAG Immobilien AG launches corporate Note offering for up to EUR 200m
(Hamburg, 29 July 2013): The Management Board of TAG Immobilien AG, Hamburg
('TAG' or the 'Company') has resolved today, with the approval of the
Supervisory Board, to launch a corporate Note offering (the 'Notes'). The
Notes will have a principal amount of up to EUR 200m and a term of five
years. Application has been made for inclusion of the Notes in the Open
Market (Freiverkehr), Entry Standard on the Frankfurt Stock Exchange with
participation in the Prime Standard for corporate bonds.
The Notes, which are neither subordinated nor secured, will be issued by
TAG Immobilien AG with a denomination of EUR 1,000.00 each and redeemed at
100% of their principal amount. The interest rate and the yield of the
issue will be determined by TAG on the basis of the price indications
received during the offer period. Upon pricing, the pricing details will be
posted on the Company's website under
www.tag-ag.com/investor-relations/prospectus and on the website of the
Luxembourg Stock Exchange www.bourse.lu. The issue is based on a
prospectus, which is expected to be approved today by the Commission de
Surveillance du Secteur Financier ('CSSF'), the financial sector
supervisory commission in Luxembourg.
The expected net proceeds from the offering will be used primarily for the
optimisation of the capital and financing structure, in particular for the
repurchase of convertible bonds previously issued by the Company. Besides
this, the Company intends to use the net proceeds for the financing of
further growth of the Company and for further general corporate purposes.
The details for the repurchase of convertible bonds are announced today via
the required media and on the aforementioned Company website.
Credit Suisse Securities (Europe) Limited, London, as well as Close
Brothers Seydler Bank AG, Frankfurt am Main, are acting as Joint
Bookrunners in the transaction.
Further information can be obtained from the prospectus, which will be
published and made available on the Company's website under
www.tag-ag.com/investor-relations/prospectus today.
This announcement constitutes neither an offer to sell nor a solicitation
to buy securities of TAG Immobilien AG and does not substitute the
securities prospectus. Investments in the securities of TAG Immobilien AG
should only be based on the securities prospectus which can be downloaded
from TAG Immobilien AG's website
(http://www.tag-ag.com/investor-relations/prospectus). Investors may also
request to receive a hardcopy version of the securities prospectus from the
Company, Steckelhörn 5, D-20457 Hamburg.
This announcement does not contain or constitute an offer for the sale of
securities in the United States of America, Australia, Canada, Japan or
other jurisdictions in which offers are subject to legal restrictions. The
securities referred to in this announcement have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the
'Securities Act') and may not be sold or offered for sale in the United
States of America absent registration or an exemption from registration
requirements of the Securities Act. No offer of securities is made in the
United States of America, or to, or for the account or benefit of, US
persons. Subject to certain exemptions the securities referred to in this
announcement may not be sold or offered for sale in Australia, Canada or
Japan or to or for the account of Australian, Canadian or Japanese persons.
No registration will take place of the offer or sale of the securities
referred to in this announcement in accordance with the respective legal
requirements in Australia, Canada or Japan.
Press enquiries:
TAG Immobilien AG
Head of Investor&Public Relations
Dominique Mann
Tel. +49 (0) 40 380 32 0
Fax +49 (0) 40 380 32 390
pr(at)tag-ag.com
End of Corporate News
---------------------------------------------------------------------
29.07.2013 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
---------------------------------------------------------------------
Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir(at)tag-ag.com
Internet: http://www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
223101 29.07.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.07.2013 - 08:55 Uhr
Sprache: Deutsch
News-ID 282375
Anzahl Zeichen: 7080
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 281 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: TAG Immobilien AG launches corporate Note offering for up to EUR 200m"
steht unter der journalistisch-redaktionellen Verantwortung von
TAG Immobilien AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
