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ADLER Real Estate AG
Capital/Financing Update • Apr 10, 2017
16_rns_2017-04-10_56227b49-5c85-4777-9f55-f890b2e4a192.html
Capital/Financing Update
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Corporate | 10 April 2017 15:24
ADLER Real Estate AG: 2015/2020 corporate bond tap successfully placed
DGAP-News: ADLER Real Estate AG / Key word(s): Bond
10.04.2017 / 15:24
The issuer is solely responsible for the content of this announcement.
ADLER Real Estate AG: 2015/2020 corporate bond tap successfully placed
– Considerable oversubscription
– Tap volume increased by 50% to EUR 150 million
– Placement at significant premium of 104.4% to par
Berlin, 10 April 2017: ADLER Real Estate Aktiengesellschaft has successfully placed the tap of its EUR 350 million 4.75% corporate bond 2015/2020 (;). Due to a considerable oversubscription the tap was increased from the targeted EUR 100 million to EUR 150 million, bringing the total bond 2015/2020 volume to EUR 500 million. The tap was placed at 104.4% to par corresponding to a yield of 2.5% which represented the lower end of the price range.
Arndt Krienen, CEO of ADLER Real Estate AG commented: “We are very happy with this outcome, the oversubscription clearly shows how much trust ADLER Real Estate has gained in the capital markets.”
Despite the increase of the tap volume over the initial target ADLER maintains its guided target of reaching an LTV of 55% by the end of 2017.
Contact for enquiries:
Dr. Rolf-Dieter Grass
Director of Corporate Communications
ADLER Real Estate AG
Tel: +49 (30) 2000 91 429
10.04.2017 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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| Language: | English |
| Company: | ADLER Real Estate AG |
| Joachimsthaler Straße 34 | |
| 10719 Berlin | |
| Germany | |
| Phone: | +49 (0)40 – 29 8130-0 |
| Fax: | +49 (0)40 – 29 8130-99 |
| E-mail: | [email protected] |
| Internet: | www.adler-ag.com |
| ISIN: | DE0005008007, XS1211417362, DE000A1R1A42, DE000A11QF02 |
| WKN: | 500800, A14J3Z, A1R1A4, A11QF0 |
| Indices: | SDAX, GPR General Index |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |