Highlights:
- Corporate bond with attractive coupon of 5,50 percent p.a.
- profitable growth and continuously growing EBIT over the last 7 years
- profitable business model in growing and high-margin business segments with focus on residential properties, care homes and retail; coremarkets: Germany and Austria
- Experienced real estate developer with extensive track record
- two pillars business modell: project development and rental of portfolio properties; stable cash flows can be generated through ongoing rental income
- Coverage of the entire value chain from site selection to realization
- next interest payment date on october 26th 2019
Bond 2018 / 2023 at a glance:
| Public offer: | from 19. April 2018 to 24.april 2018 |
| WKN / ISIN: | A2GSSP/DE000A2GSSP3 |
| Volume: | up to EUR 55. Mio |
| coupon: | 5,50 % p.a. |
| term/maturity: | 5 years until april 25th 2023 |
| redemption: | april 26th 2023 |
| interest payment: | biannual, respectively october 26th and april 26th, first payment on october 26th 2018 |
| Covenants: | Minimum equity ratio, dividend payout restriction, negative pledge |
| Listing: | Listing Frankfurt Stock Exchange Open Market/Quotation Board |
| Applicable law: | German law |
| Documentation: | Bond prospectus according to German law approved by BaFin & notification by the FMA, Austria |
| Use of funds: | Project aquisition, development of real estate projects, extension and modernization of the portfolio property as well as strengthening of the working capital |