DGAP-News: Eyemaxx Real Estate AG / Key word(s): Bond/Real Estate
THE INFORMATION CONTAINED IN THIS RELEASE IS NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY LEGAL SYSTEM WHERE SUCH DISTRIBUTION OR PUBLICATION MIGHT BE UNLAWFUL.
- 5.50 % interest p.a. with a five-year term and quarterly interest payment
- Valuable portfolio real properties are made available as collateral for bond creditors - mainly collateralisation by way of real estate liens - even senior ones
- Balanced two-pillar business model combines real property substance in the portfolio with attractive developer returns
- Public offering planned in Germany, Austria and Luxembourg from 3 July to 20 July 2020
- Additional exchange offer for Eyemaxx bond 2016/2021
The Management Board of Eyemaxx has decided today, with the approval of the Supervisory Board, to issue the corporate bond. The proceeds of the issue are to be used exclusively for the refinancing of capital market liabilities (refunding of the 2016/2021 bond).
With Eyemaxx an experienced and always reliable issuer offers a new capital market product. During the past years Eyemaxx has already repaid a total of six bonds and convertible bonds with a volume of more than EUR 80 million on time to the investors.
The framework data of the new bond:
- Issuing volume of up to EUR 30 million
- 5.50 % interest coupon per year
- Quarterly interest payment
- Term of five years up to 2025
- A large number of covenants and comprehensive collateralisation concept
- Public offering in Germany, Austria and Luxembourg and private placement
- Subscription period from 3.7. - 20.7.2020 (12:00 noon CEST), unless there is an early closure
- Minimum subscription EUR 1,000
- Additional exchange offer for Eyemaxx bond 2016/2021 (ISIN DE000A2AAKQ9), incl. premium of 1.5 percent through additional cash component of EUR 15.00 per exchanged bond
The execution of the bond issue is subject to the authorisation of the securities prospectus by the Luxembourg Financial Supervisory Authority CSSF and the notification to the Federal Financial Supervisory Authority (BaFin) in Germany and the Austrian Financial Markets Supervisory Authority (FMA). This is expected to be completed during the coming days.
Investors can hence subscribe to "5.50 % interest rate p.a. - WITH COLLATERAL" from next Friday onwards. Subscription is possible through the subscription functionality DirectPlace of Deutsche Börse AG.
Moreover, an exchange offer for the creditors of the Eyemaxx bond 2016/2021 in the ratio of 1:1 is planned from 3 July 2020 to 16 July 2020 (6pm CEST). Holders of the 2016/2021 bond receive upon acceptance of the exchange offer for each 2016/2021 bond a 2020/2025 bond, plus the accrued interest up to 21 July 2020 (included) and an additional cash amount of EUR 15.00. Furthermore, the 2020/2025 bonds are to be offered to qualified investors within the framework of a private placement. The admission of the 2020/2025 bonds to the Open Market of the Frankfurt Stock Exchange is scheduled for 22 July 2020.
Eyemaxx offers investors - apart from the collateralisation - a two-pillar business model in the real estate sector which has been proven and successful for many years. The company combines the valuable real property substance of its own real estate portfolio with attractive developer returns, generated from a contractually fixed project pipeline, mainly for residential and office buildings of currently around EUR 900 million. In both pillars of the business model the focus lies on the real estate markets in Germany and Austria. The equity capital of the company increased to EUR 65.0 million at the end of the last fiscal year.
Dr. Michael Müller, CEO, founder and major shareholder of Eyemaxx Real Estate AG: "I am convinced that attractive interest rates backed by a viable collateralisation concept meet currently more than ever before the needs of the investors. Return without any regrets is the dictate of the moment on the capital markets which are marked by uncertainty and a high volatility. The real estate substance, 5.50 % interest rate and entry in the land register are the basis of our new bond. Investors know that they can rely on it."
The securities prospectus, which is relevant for the exchange offer and the public offering, will be available after its approval by the Commission de Surveillance du Secteur Financier (CSSF) on the website of Eyemaxx Real Estate AG www.eyemaxx.com. The following needs to be considered in this respect.
This release is directed exclusively at persons who may lawfully receive this information. It is, more particularly, not directed at US citizens or persons resident in the United States of America (USA), Australia, Canada, Japan. This release is not intended for distribution or publication in the USA and may not be distributed or circulated to US persons as well as to publications with a general circulation in the USA or transferred to and published in any other country in which its distribution or publication would be unlawful.
About Eyemaxx Real Estate AG
Eyemaxx Real Estate AG is a real estate company with a long-standing successful track record, focussing on residential properties in Germany and Austria. In addition, Eyemaxx also realises commercial properties in central Europe. In the company's recent past its corporate strategy has also included hotels and serviced apartments as well as developing urban districts in Germany.
Eyemaxx' business activities take a dual-pronged approach. These include high-margin projects and also the continued expansion of its stocks of let commercial properties, which generate ongoing rental income and thus constant cash flows. In so doing, Eyemaxx uses the expertise offered by its experienced management team together with a strong team of real estate professionals, and also a well-established and broad network which opens up additional access to attractive properties and projects. As a result, the current project pipeline has been grown to a total of around EUR 902 million.
The shares of Eyemaxx Real Estate AG are listed in the General Standard of the Frankfurt Stock Exchange and in the direct market plus on the Vienna Stock Exchange. The company has also issued several bonds, which are likewise listed on the stock exchange.
You can find more information at www.eyemaxx.com
Investor Relations / Financial Press
01.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Eyemaxx Real Estate AG
+49 (0) 6021 386 69 17
+49 (6021) 38 669 15
DE000A0V9L94, DE000A1TM2T3, DE000A2AAKQ9 ,
A0V9L9, A1TM2T, A2AAKQ
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
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