Highlights:
- Collateralisation of the bond with portfolio real properties mainly in the logistics sector: EUR 20 million senior lien and EUR 10 million second lien
- Reliable issuer with capital market experience
- Focus on the established and stable real estate markets Germany and Austria
- Balanced 2-pillar model: Steady revenues from an own portfolio with a strong substance and attractive developer returns from projects
- Sound real estate substance: Fully let portfolio with 13 real properties (logistics, offi ce, residential buildings in Germany and Austria with tenants with a high credit rating
- Portfolio generates rental income of EUR 3.8 million p.a.
- Contractually fixed project pipeline with more than EUR 900 million; broadly diversifi ed portfolio with a focus on residential and offi ce buildings and completion of large scale projects by 2023
| Public offer: | Germany, Austria and Luxembourg 3 to 20 July 2020 |
| ISIN / WKN: | DE000A289PZ4 / A289PZ |
| Volume: | up to EUR 30. Mio |
| coupon: | 5,50 % p.a. |
| Fully collateralised: | Entry in the land register: EUR 20 million with senior lien and EUR 10 million with second lien |
| In addition: | Assignment of the rental income from properties with senior lien collateralisation to trustee |
| term/maturity: | 5 years, repayment of 100 percent of the nominal amount on 22 July 2025 |
| Covenants: | Pari passu, minimum equity ratio, dividend payment restriction, negative covenant |
| Listing: | Frankfurt Stock Exchange, Open Market planned on 22 July 2020 |
| Applicable of funds: | Refinancing of capital market liabilities (repayment of 2016/2021 bond) |