CPI Europe AG — Capital/Financing Update 2014

Sep 4, 2014

News Details

Ad-hoc | 4 September 2014 08:46

IMMOFINANZ AG launches a EUR 375 million offering of bonds exchangeable into BUWOG AG shares

IMMOFINANZ AG / Key word(s): Real Estate/Bond

04.09.2014 08:46

Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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NOT FOR DISTRIBUTION IN THE USA, UK, CANADA, JAPAN OR AUSTRALIA

IMMOFINANZ AG today announces the offering of bonds with a volume of EUR
375 million exchangeable into BUWOG AG shares. The bonds will be offered in
an accelerated bookbuilding to institutional investors.

The bonds will be marketed with a coupon ranging between 0.75% and 1.50%
per annum. The initial exchange price of the bonds will be set at a premium
between 15% and 25% over the reference share price. The coupon and the
exchange premium will be determined following the accelerated bookbuilding,
which is expected to take place today, 4 September 2014.

The bonds will be issued and redeemed at 100% of their principal amount and
will mature on 11 September 2019.

Bondholders will be entitled to have their bonds redeemed at their
principal amount plus accrued interest on 11 September 2017.

The reference share price represents the volume weighted average price of
the BUWOG AG shares on the Vienna Stock Exchange between market open and
close of trading on 4 September 2014.

Upon exchange, IMMOFINANZ AG will have the discretionary right to deliver
an amount in cash, instead of BUWOG AG shares, as described in the Terms &
Conditions of the bonds. Upon redemption, IMMOFINANZ AG will have the
option to deliver a combination of shares and cash.

Application will be made to introduce the bonds for trading on the Third
Market (MTF) of the Vienna Stock Exchange.

The proceeds from the bonds will be used to repay existing financings, for
current and planned portfolio investments, opportunistic growth
opportunities and/or general corporate purposes.

IMMOFINANZ AG holds a 49% investment in BUWOG AG (corresponding to approx.
48.81 million shares) following the majority spin-off on 26 April 2014 and
plans to sell this investment over the medium-term.

BNP Paribas, J.P. Morgan and Morgan Stanley are acting as Joint
Bookrunners.

Disclaimer
The securities referred to herein will not be registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S.
State securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements of the U.S. Securities Act.

There will be no public offer of the securities in any jurisdiction. This
announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person.

Subject to certain exceptions, the securities referred to herein may not be
offered or sold in Australia, Canada or Japan or to, or for the account or
benefit of, any national, resident or citizen of Australia, Canada or
Japan. The offer and sale of the securities referred to herein has not been
and will not be registered under the applicable securities laws of
Australia, Canada or Japan.

This document has been prepared on the basis that there was no public
offering in connection with this transaction nor will there be a public
offering of the securities. No approved prospectus was or will be prepared
in connection with this transaction. Any offer of securities in any Member
State of the European Economic Area (each, a "Relevant Member State") which
has implemented the Prospectus Directive (2003/71/EC), as amended,
including any relevant implementing measures to implement the Directive
2010/73/EU (the "Prospectus Directive"),will only be made if no prospectus
for offers of securities has to be published. Accordingly any person making
or intending to make any offer in that Relevant Member State of securities
which are the subject of the placement contemplated in this announcement
may only do so in circumstances in which no obligation arises for
IMMOFINANZ AG to publish a prospectus pursuant to Article 3 of the
Prospectus Directive in relation to such offer. IMMOFINANZ AG has not
authorized, nor does it authorize, the making of any offer of securities in
circumstances in which an obligation arises for it to publish a prospectus
for such offer.

On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 520 investment properties with a carrying amount of
approx. EUR 7.2 billion. As a "real estate machine" the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
IMMOFINANZ Group concentrates its activities in the retail, office and
logistics segments of eight regional core markets: Austria, Germany, Czech
Republic, Slovakia, Hungary, Romania, Poland and Russia.
Further information under: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com

For additional information please contact:

MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com

INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com

04.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in Open
Market ; Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

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