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DEMIRE Deutsche Mittelstand Real Estate AG
Capital/Financing Update • Nov 24, 2022
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Capital/Financing Update
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Corporate | 24 November 2022 18:08
DEMIRE AG announces successful completion of buy back of a portion of its 1.875% Senior Notes 2019/2024
EQS-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Bond/Financing
DEMIRE AG announces successful completion of buy back of a portion of its 1.875% Senior Notes 2019/2024
24.11.2022 / 18:08 CET/CEST
The issuer is solely responsible for the content of this announcement.
DEMIRE AG announces successful completion of buy back of a portion of its 1.875% Senior Notes 2019/2024
Not for publication or distribution in the United States, Australia, Canada, Japan or South Africa
International Securities Identification Number (ISIN) of the Senior Notes: DE000A2YPAK1
Langen, 24 November 2022 – DEMIRE Deutsche Mittelstand Real Estate AG (“DEMIRE”) successfully completes the repurchase of EUR 50 million nominal of its 1.875% senior notes due in October 2024 traded at the Euro MTF market in Luxembourg, as part of its ongoing liquidity management programme. The buyback was carried out at an average market value of 72. The nominal value of the bond 2019/24 outstanding to non-group creditors will be reduced to EUR 550 million as a result of the buyback.
The Management Board
About DEMIRE Deutsche Mittelstand Real Estate AG
DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and up-and-coming locations bordering metropolitan areas across German. The Company’s particular strength lies in realising the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants. As of 30 June 2022, DEMIRE’s portfolio contains of 64 assets with lettable space totalling about 1 million sqm. Including the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to so approximately EUR 1.7 billion.
The portfolio’s focus on office properties with a blend of retail, hotel and logistics properties results in a return / risk structure that is appropriate for the commercial real estate segment. The Company places importance on long-term contracts with solvent tenants and the realisation of the properties’ potential. DEMIRE anticipates continued stable and sustainable rental income along with solid value appreciation.
DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Regulated Market (Prime Standard segment) of the Frankfurt Stock Exchange.
Contact :
Julius Stinauer
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: +49 6103 372 4944
Email: [email protected]
24.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
| Robert-Bosch-Straße 11 im „the eleven“ | |
| 63225 Langen (Hessen) | |
| Germany | |
| Phone: | +49 6103 37249-0 |
| Fax: | +49 6103 37249-11 |
| E-mail: | [email protected] |
| Internet: | www.demire.ag |
| ISIN: | DE000A0XFSF0 |
| WKN: | A0XFSF |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1496771 |
| End of News | EQS News Service |