Brief: Preos Real Estate Reaches Issue Volume Of EUR 139.4 Mln For Convertible Bond

PREOS Global Office Real Estate & Technology AG

06/12/2019 11:55

Dec 6 (Reuters) - PREOS REAL ESTATE AG  PAGn.DE :
    * 7.50% CONVERTIBLE BOND WITH PLACED VOLUME OF ALREADY EUR
139.4
MILLION
    * HAS REACHED AN ISSUE VOLUME OF APPROXIMATELY EUR 139.4
MILLION
FOR ITS 7.50 PERCENT CONVERTIBLE BOND 2019/2024
    * BONDS WITH A TOTAL VOLUME OF EUR 8.8 MILLION WERE
SUBSCRIBED
    * VOLUME OF APPROXIMATELY EUR 22.9 MILLION HAS BEEN PLACED
WITH
SELECTED QUALIFIED INVESTORS
    * MAXIMUM VOLUME OF CONVERTIBLE BOND IS EUR 300 MILLION
    * INITIAL CONVERSION RATIO IS EUR 9.90
    * CONVERSION OPTION INTO PREOS SHARES EXISTS DURING CERTAIN
CONVERSION PERIODS IN YEARS 2021 TO 2024

Source text for Eikon:  ID:nEQ1KnDqHa 
Further company coverage:  PAGn.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))