Brief: PREOS Real Estate Launches Convertible Bond

PREOS Global Office Real Estate & Technology AG

19/11/2019 08:07

Nov 19 (Reuters) - PREOS REAL ESTATE AG  PAGn.DE :
    * PREOS REAL ESTATE AG: LAUNCH OF SUBSCRIPTION FOR 7.5%
CONVERTIBLE BOND TO FINANCE GROWTH
    * TOTAL ISSUE VOLUME OF UP TO EUR 300 MILLION
    * FIVE-YEAR TERM, REPAYMENT AT 105.0 % AT END OF TERM
    * ISSUE PROCEEDS TO BE USED FOR FURTHER EXPANSION OF REAL
ESTATE
PORTFOLIO
    * INCLUSION OF CONVERTIBLE BOND IN EXCHANGE TRADING ON OPEN
MARKET
OF FRANKFURT STOCK EXCHANGE IS PLANNED FROM 9 DECEMBER 2019
    * IF INVESTORS DO NOT EXERCISE CONVERSION RIGHT, THEY WILL
RECEIVE
105.0 PERCENT OF NOMINAL AMOUNT PER BOND AS REPAYMENT AT
MATURITY
    * PUBLIC OFFERING IN GERMANY PRESUMABLY UNTIL DEC 4, 2019
    * INITIAL CONVERSION RATIO AT EUR 9.90

Source text for Eikon:  ID:nEQ9YrzZ0a 
Further company coverage:  PAGn.DE 

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