TAG Immobilien AG issues two corporate bonds with a total volume of EUR 250m and repurchases the EUR 125m corporate bond 2014/2020 ahead of maturity

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DGAP-News: TAG Immobilien AG / Key word(s): Bond

11.06.2018 / 10:30
The issuer is solely responsible for the content of this announcement.



PRESS RELEASE

TAG Immobilien AG issues two corporate bonds with a total volume of EUR 250m and repurchases the EUR 125m corporate bond 2014/2020 ahead of maturity

Hamburg, 11 June 2018 - On 8 June 2018, TAG Immobilien AG issued two corporate bonds by way of a private placement with institutional investors.

The first corporate bond 2018/2023 of EUR 125m has a term of 5 years until 19 June 2023 and bears interest at 1.25% p.a. The second corporate bond 2018/2025, also of EUR 125m, has a term of 7 years until 19 June 2025 and an annual interest rate of 1.75%. Both corporate bonds are unsecured, not subordinated, and are to be admitted at short notice to trading on the Open Market of the Frankfurt Stock Exchange.

At the same time, TAG Immobilien AG has entered into agreements to repurchase its currently existing corporate bond 2014/2020 in the amount of EUR 125m, which bears interest at 3.75% p.a. and matures on 25 June 2020, in full and prematurely, paying out the coupons still outstanding. This buyback will also be completed at short notice, so that the listing of this bond on the Open Market of the Frankfurt Stock Exchange will end.

The remaining proceeds from the 2018/2023 and 2018/2025 corporate bonds after the repurchase of the 2014/2020 corporate bond will be used for general corporate purposes, in particular to refinance short term bank loans.

UniCredit acted as sole Bookrunner in this transaction.

Press enquiries:

TAG Immobilien AG
Dominique Mann
Head of Investor & Public Relations
Phone +49 (0) 40 380 32 0
Fax +49 (0) 40 380 32 390
ir@tag-ag.com



11.06.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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