Brief: LEG Immobilien Launches EUR 500 Mln Convertible Bond Offering

LEG Immobilien SE

28/08/2024 06:56

Aug 28 (Reuters) - LEG Immobilien SE  LEGn.DE :
    * LAUNCH OF EUR 500 MILLION CONVERTIBLE BOND OFFERING
    * TO LAUNCH AN OFFERING OF GUARANTEED SENIOR, UNSECURED
CONVERTIBLE BONDS DUE 2030
    * INTENDS TO USE NET PROCEEDS FROM ISSUANCE OF BONDS TO
REFINANCE
EXISTING INDEBTEDNESS AND GENERAL CORPORATE PURPOSES
    * BONDS WITH A DENOMINATION OF EUR 100,000 EACH WILL BE
ISSUED BY
ISSUER AT 100% OF THEIR PRINCIPAL AMOUNT
    * BONDS GUARANTEED BY LEG AND CONVERTIBLE INTO SHARES
    * BONDS WILL BE OFFERED WITH A FIXED COUPON OF 1.00% PER
ANNUM
    * SETTLEMENT IS EXPECTED TO TAKE PLACE ON OR AROUND
SEPTEMBER 4,
2024
    * BONDS WILL BE OFFERED ONLY TO INSTITUTIONAL INVESTORS IN
CERTAIN
JURISDICTIONS OUTSIDE UNITED STATES VIA A PRIVATE PLACEMENT

Source text for Eikon:  ID:nEQ1g1tzZa 
Further company coverage:  LEGn.DE 

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