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TAG Immobilien AG successfully issues 5.5-year benchmark bond

• Unsecured, fixed-rate bond with a volume of EUR 500m issued
• High oversubscription demonstrates institutional investors' strong interest in TAG's business model
• Funds will be used for general corporate purposes, including further growth of the Polish rental portfolio, the refinancing of liabilities expiring in the future as well as strengthening the investment grade ratings

Hamburg, 28 August 2024

TAG Immobilien AG (TAG) today successfully placed an unsecured, fixed-rate corporate bond with a volume of EUR 500m. The bond has a term of 5.5 years, bears a coupon of 4.25% p.a. and was offered to institutional investors under TAG’s Debt Issuance Programme published last week. The issuance was at its peak nearly 5 times oversubscribed, demonstrating the strong interest from investors in TAG's business model.

‘The successful placement of our corporate bond is an important step in the diversification of our financing sources. On the one hand, we will use the proceeds to further grow our Polish rental portfolio, and on the other hand, we can also use the funds for future refinancings. The successful bond issue also strengthens our two investment grade ratings by increasing our use of unsecured instruments. In this respect, we are very pleased about the great interest shown by investors in the bond and the trust placed in TAG,’ comments Martin Thiel, CFO and Co-CEO of TAG.

The transaction was led by BofA Securities, Deutsche Bank, J.P. Morgan and Société Générale as joint bookrunners.

Contact
TAG Immobilien AG
Dominique Mann
Head of Investor Relations & Public Relations
+49 (0) 40 380 32 305
irtag-agcom

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