Brief: DEMIRE Issues EUR 600 Million Corporate Bond

Demire Deutsche Mittelstand Real Estate AG

30/09/2019 17:04

Sept 30 (Reuters) - Demire Deutsche Mittelstand Real Estate
AG  DMRE.DE :
    * DGAP-NEWS: DEMIRE DEUTSCHE MITTELSTAND REAL ESTATE AG:
DEMIRE
ISSUES EUR 600 MILLION CORPORATE BOND AND REDUCES FINANCING
COSTS SIGNIFICANTLY
    * PROCEEDS WILL BE USED TO REFINANCE OUTSTANDING NOTES DUE
2022
AND REFINANCING OF OTHER DEBT AS WELL AS FOR GENERAL CORPORATE
PURPOSES
    * BENCHMARK CORPORATE BOND WITH 5-YEAR MATURITY AND COUPON
OF
1.875% SUCCESSFULLY PLACED
    * AVERAGE NOMINAL FINANCING COSTS POST TRANSACTION DECREASE
BY
ABOUT 90 BPS TO BELOW 2.0%
    * 5-YEAR MATURITY AND A 1.875% COUPON
    * ORDER BOOK AT PRICING WAS SIGNIFICANTLY OVERSUBSCRIBED.

Source text for Eikon:  ID:nEQ2hsZRRa 
Further company coverage:  DMRE.DE 

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