Brief: The Grounds Real Estate Development Issues Convertible Bond Of EUR 5 Mln

Grounds Real Estate Development AG

26/01/2021 20:19

Jan 26 (Reuters) - Grounds Real Estate Development AG
 AMMn.DE :
    * DGAP-ADHOC: THE GROUNDS REAL ESTATE DEVELOPMENT AG: THE
GROUNDS
REAL ESTATE DEVELOPMENT AG ISSUES CONVERTIBLE BOND
    * GROUNDS REAL ESTATE DEVELOPMENT- COMMITMENTS BY MAJOR
INVESTORS
AMOUNTING TO EUR 5 MLN ARE AVAILABLE TO CO,  TOTAL VOLUME
AMOUNTS TO UP TO EUR 12 MLN
    * GROUNDS REAL ESTATE DEVELOPMENT AG  AMMn.DE  - ANNUAL
INTEREST
RATE IS 6 PERCENT 
    * GROUNDS REAL ESTATE DEVELOPMENT AG  AMMn.DE  - CONVERSION
PRICE
IS EUR 3.20 PER SHARE 
    * GROUNDS REAL ESTATE DEVELOPMENT AG  AMMn.DE  - CONVERTIBLE
BOND
WILL HAVE A TERM OF THREE YEARS
    * GROUNDS REAL ESTATE DEVELOPMENT AG  AMMn.DE  - IT IS
EXPECTED
THAT SUBSCRIPTION OFFER WILL BE PUBLISHED IN FEDERAL GAZETTE ON
29 JANUARY 2021

Source text for Eikon:  ID:nEQ99BL8Qa 
Further company coverage:  AMMn.DE 

 ((Reuters.Briefs@thomsonreuters.com;))