Brief: Grounds Real Estate Development Raises Convertible Bond 2021/2024 To Up To EUR 16.8 Mln

Grounds Real Estate Development AG

29/09/2021 16:53

Sept 29 (Reuters) - GROUNDS REAL ESTATE DEVELOPMENT AG
 AMMn.DE :
    * INCREASES THE CONVERTIBLE BOND 2021/2024 (ISIN:
DE000A3H3FH2) BY
UP TO EUR 4.8 MILLION TO UP TO EUR 16.8 MILLION
    * HAS ALREADY RECEIVED SIGNIFICANT COMMITMENTS FROM MAJOR
INVESTORS
    * SUBSCRIPTION RIGHTS OF EXISTING SHAREHOLDERS ARE EXCLUDED
    * ISSUE AMOUNT WILL BE 100% OF NOMINAL AMOUNT (PLUS ACCRUED
INTEREST)
    * FUNDS ARE INTENDED TO BE USED TO EXPAND PORTFOLIO HOLDING,
FURTHER BUILD UP RESIDENTIAL REAL ESTATE PORTFOLIO FOR
PRIVATIZATION AND INVEST IN PROJECT DEVELOPMENTS

Source text for Eikon:  ID:nEQ2KPs2xa 
Further company coverage:  AMMn.DE 

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