Brief: Deutsche Konsum REIT: Real Estate Portfolio Revaluated For Around EUR 33 Mln

Deutsche Konsum Real Estate AG

07/08/2019 06:03

Aug 7 (Reuters) - DEUTSCHE KONSUM REIT AG  DKG.DE :
    * DEUTSCHE KONSUM REIT - REAL ESTATE PORTFOLIO REVALUATED
FOR
AROUND EUR 33 MILLION / INCREASE IN UNSECURED CORPORATE BOND BY
EUR 20 MILLION / GRANTING OF 'CENTRAL BANK ELIGIBILITY ' BY
DEUTSCHE BUNDESBANK
    * INCREASED OUTSTANDING UNSECURED CORPORATE BOND WITH A
VOLUME OF
EUR 50 MILLION BY A FURTHER EUR 20 MILLION
    * BOND HAS A TOTAL TERM UNTIL 5 APRIL 2024 AND BEARS
INTEREST AT A
COUPON OF 2.35% PER ANNUM
    * INCREASE IN BOND WAS SUBSCRIBED THROUGH A PRIVATE
PLACEMENT BY A
GERMAN PENSION FUND
    * EXPECTS BORROWING COSTS TO CONTINUE TO DECLINE ON FUTURE
BORROWING AND REFINANCING

Source text for Eikon:  ID:nEQbjBHbka 
Further company coverage:  DKG.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))