Brief: TAG Immobilien Launches New Convertible Bond Offering

TAG Immobilien AG

04/03/2025 06:45

March 4 (Reuters) - TAG Immobilien AG TEGG.DE:

EQS-ADHOC: TAG IMMOBILIEN AG TO LAUNCH NEW CONVERTIBLE BOND OFFERING

TAG IMMOBILIEN AG - NET PROCEEDS FROM ISSUE OF BONDS WILL BE USED FOR GENERAL CORPORATE PURPOSES

TAG IMMOBILIEN AG - AGGREGATE PRINCIPAL AMOUNT OF APPROX. EUR 325 MILLION

TAG IMMOBILIEN AG - COUPON WILL BE FIXED AT 0.625% PER ANNUM, PAYABLE SEMI-ANNUALLY IN ARREAR

TAG IMMOBILIEN AG - SETTLEMENT IS EXPECTED TO TAKE PLACE ON OR AROUND 11 MARCH 2025

TAG IMMOBILIEN AG - BONDS WILL BE PLACED VIA PRIVATE PLACEMENTS IN AN ACCELERATED BOOKBUILDING ONLY TO INSTITUTIONAL INVESTORS

TAG IMMOBILIEN AG - HAS AGREED TO A LOCK-UP PERIOD FROM PRICING OF OFFERING TO 90 DAYS AFTER ISSUE DATE

Source text: ID:nEQ1TLylLa

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