Brief: Grounds Real Estate Development Issues Convertible Bond

Grounds Real Estate Development AG

16/02/2021 08:57

Feb 16 (Reuters) - GROUNDS REAL ESTATE DEVELOPMENT AG
 AMMn.DE :
    * A CONVERTIBLE BOND OF EUR 12 MILLION WAS ISSUED AND
CONSIDERABLY
OVERSUBSCRIBED
    * NET PROCEEDS ACHIEVED ARE TO BE USED MAINLY TO FINANCE
ACQUISITION OF NEW REAL ESTATE PROPERTIES IN GERMANY, AND FOR
GENERAL CORPORATE PURPOSES
    * TERM OF THREE YEARS AND IS CONVERTIBLE AT A PRICE OF EUR
3.20
PER SHARE.
    * FULLY-PLACED CONVERTIBLE BOND WITH A VOLUME OF EUR
12,000,000.00
CARRIES AN ANNUAL INTEREST RATE OF 6%

Source text for Eikon:  ID:nEQ8YZfc0a 
Further company coverage:  AMMn.DE 

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