TAG Immobilien AG successfully issues 5.5-year benchmark bond

EQS-News: TAG Immobilien AG / Key word(s): Issue of Debt
TAG Immobilien AG successfully issues 5.5-year benchmark bond
28.08.2024 / 17:46 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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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In the United Kingdom, this publication is only directed at persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation as the Regulation forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, and who are also (i) professional investors within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended ("Order"), or (ii) persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.), or (iii) persons who are "qualified investors" within the meaning of Article 49(2)(a) to (d) of the Order. (iii) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of securities may otherwise lawfully be communicated or transmitted (all such persons together being referred to as "Relevant Persons"). Persons who are not Relevant Persons must not act or rely on this publication. Any investment or investment activity in the securities of the Company is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In the member states of the European Economic Area, the placement of the securities referred to in this publication is directed exclusively at qualified investors within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 ("Prospectus Regulation"). This publication does not constitute a recommendation regarding the placement.

Certain statements contained in this publication may constitute "forward-looking statements". These forward-looking statements are based on the current views, expectations, assumptions and information of the management of the Company, which the Company has made to the best of its knowledge and belief, but which do not purport to be accurate in the future (in particular where such forward-looking information relates to matters beyond the control of the Company). Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Due to various factors, actual future results, developments and events may differ materially from those described in these statements; neither the Company nor any other person accepts any responsibility whatsoever for the accuracy of the opinions contained in this publication or the underlying assumptions. Furthermore, it should be noted that all forward-looking statements speak only as of the date of this publication and that the company assumes no obligation to update forward-looking statements or to conform such statements to actual events or developments, except as required by law. The Company expressly disclaims any obligation to update, review or revise any forward-looking statements contained in this release, whether as a result of new information, future developments or otherwise.

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28.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:English
Company:TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone:040 380 32 0
Fax:040 380 32 388
E-mail:ir@tag-ag.com
Internet:www.tag-ag.com
ISIN:DE0008303504
WKN:830350
Indices:MDAX
Listed:Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID:1977109


 
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