EQS-Adhoc
Peach Property Group AG : Subscription period for corporate bond starts today
EQS Group-Ad-hoc: Peach Property Group AG / Key word(s): Issue of Debt
Peach Property Group AG : Subscription period for corporate bond
starts today
03.11.2015 / 07:01
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF SUCH JURISDICTION.
Press release
Peach Property Group: Subscription period for corporate bond starts today
- Public offering from today, 3 November, 9:00 am until 2:00 pm on 5
November 2015 (subject to early closure)
- Coupon spread from 5.75 to 6.00 percent
- Minimum volume of EUR 25 million
- Listing in Entry Standard segment planned from 11 November 2015
Zurich/Cologne, 3 November 2015 - Peach Peach Property Group AG today
announced that the subscription period for the 2015/2020 bond (ISIN
DE000A14KGV8) issued by its German subsidiary Peach Property Group
(Deutschland) AG will begin today, on 3 November 2015, at 9:00 am and end,
subject to early closure, at 2:00 pm on 5 November 2015. Peach Property
Group aims to raise a target volume of around EUR 50 million by way of a
public offering by Peach Property Group (Deutschland) AG in Germany and
Luxembourg as well as by private placements with institutional investors.
The offering is subject to the condition that at least EUR 25 million will
be placed with investors. The final issue volume of the bond and the amount
of the coupon will be determined after the offer period has ended based on
the subscription orders received. The coupon will be determined in a
bookbuilding process and be in the range of 5.75 to 6.00 percent.
Bankhaus Lampe KG will be the Sole Lead Manager of the private placement.
The bond has a five-year term and full repayment of the principal is
scheduled for 11 November 2020. Interest will be paid annually on 11
November, first time on 11 November 2016.
Peach Property Group AG, the Swiss ultimate parent company, will assume an
unconditional, irrevocable guarantee of EUR 1.100 for each bond. The
guarantee is limited to an aggregate amount of EUR 82,500,000.
The 2015/2020 bond will provide extensive protection rights for investors.
In addition to a negative pledge and a change of control clause, these will
include an interest rate increase and termination rights in the event that
the issuer does not meet certain obligations and key figures in relation to
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF SUCH JURISDICTION.
Press release
Peach Property Group: Subscription period for corporate bond starts today
- Public offering from today, 3 November, 9:00 am until 2:00 pm on 5
November 2015 (subject to early closure)
- Coupon spread from 5.75 to 6.00 percent
- Minimum volume of EUR 25 million
- Listing in Entry Standard segment planned from 11 November 2015
Zurich/Cologne, 3 November 2015 - Peach Peach Property Group AG today
announced that the subscription period for the 2015/2020 bond (ISIN
DE000A14KGV8) issued by its German subsidiary Peach Property Group
(Deutschland) AG will begin today, on 3 November 2015, at 9:00 am and end,
subject to early closure, at 2:00 pm on 5 November 2015. Peach Property
Group aims to raise a target volume of around EUR 50 million by way of a
public offering by Peach Property Group (Deutschland) AG in Germany and
Luxembourg as well as by private placements with institutional investors.
The offering is subject to the condition that at least EUR 25 million will
be placed with investors. The final issue volume of the bond and the amount
of the coupon will be determined after the offer period has ended based on
the subscription orders received. The coupon will be determined in a
bookbuilding process and be in the range of 5.75 to 6.00 percent.
Bankhaus Lampe KG will be the Sole Lead Manager of the private placement.
The bond has a five-year term and full repayment of the principal is
scheduled for 11 November 2020. Interest will be paid annually on 11
November, first time on 11 November 2016.
Peach Property Group AG, the Swiss ultimate parent company, will assume an
unconditional, irrevocable guarantee of EUR 1.100 for each bond. The
guarantee is limited to an aggregate amount of EUR 82,500,000.
The 2015/2020 bond will provide extensive protection rights for investors.
In addition to a negative pledge and a change of control clause, these will
include an interest rate increase and termination rights in the event that
the issuer does not meet certain obligations and key figures in relation to
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