DGAP-News

Grand City Properties S.A. announces the pricing and the result of the Offer to the holders of its outstanding EUR500,000,000 2.00 per cent. Notes due 2021 to tender such notes for purchase for cash - Seite 2

Code Interpolated Mid-Swap Rate Purchase
Spread Purchase Yield (annual) Purchase Price* EUR 500,000,000 2.00 per cent. Notes due 2021 XS1130507053 / 113050705 0.161 per cent 20 bps 0.361 per cent. 106.888 per cent.

of the principal

amount                  

* Excluding any accrued interest.


The settlement of the Notes accepted for purchase pursuant to the Offer is expected to take place on 3 August 2017. Following the settlement of the Offer, Notes in an aggregate principal amount of EUR 179,400,000 will remain outstanding.

The Company might further purchase Notes in the open market or otherwise. If purchases (and corresponding cancellations) and/or redemptions have been effected in respect of 80 per cent or more in principal amount of the Notes, the Company will consider to exercise its option under the terms and conditions of the Notes to redeem any outstanding Notes at their principal amount together with accrued but unpaid interest, if any.

Dealer Managers: Citigroup Global Markets Limited and J.P. Morgan Securities plc

Tender Agent: Lucid Issuer Services Limited

About the Company

Grand City Properties is a specialist in residential real estate, value-add opportunities in densely populated areas in Germany. The Company's strategy is to improve its properties through targeted modernization and intensive tenant management, and then create value by subsequently raising occupancy and rental levels. Further information: www.grandcityproperties.com