Gutburg Immobilien S.A.
Gutburg Immobilien S.A. issues straight bonds of CHF 50 million with the possibility to increase the amount up to CHF 55 million (with additional features)
Gutburg Immobilien S.A. / Key word(s): Letter of Intent/Bond 26.06.2013 / 06:55 --------------------------------------------------------------------- Press Release Luxembourg, 26 June 2013 NOT FOR DISTRIBUTION IN THE UNITED STATES Gutburg Immobilien S.A. issues straight bonds of CHF 50 million with the possibility to increase the amount up to CHF 55 million. Gutburg Immobilien S.A. ('Gutburg') today announced the issue of fixed rate straight bonds of CHF 50 million with the possibility to increase the amount up to CHF 55 million. Gutburg currently owns 50 percent of the voting rights and 62 percent of the capital of its subsidiary Perseus Real Estate Investment S.à r.l. ('Perseus') which holds the real estate portfolio of the Gutburg group. The net proceeds of the bond issue will be used to finance the acquisition of a mezzanine loan granted to Perseus as well as for general corporate purposes. A banking syndicate consisting of Neue Helvetische Bank AG as lead manager and Raiffeisen Switzerland Cooperative as co-lead manager has firmly underwritten the bond. The terms are as follows: Issuer Gutburg Immobilien S.A., Luxembourg Issue amount CHF 50,000,000 with the possibility to increase the amount up to CHF 55,000,000 Coupon [4¼ - 5⅜]% p.a. Duration 5 years fixed Issue price 100.5% Redemption 100% Issuer rating BB+, outlook stable, by Euler Hermes Rating Deutschland GmbH Payment date 8 July 2013 Listing The listing on the SIX Swiss Exchange Ltd will be applied for. The final terms (issue amount and coupon) are expected to be fixed and communicated on 2 July 2013 after close of trading based on demand in the book building process and on general market conditions. The Lead Manager reserves the right of early allocation in case of early closing of the book building. Contact Media and Investor Relations Office Gutburg Immobilien S.A. Dynamics Group AG, Zurich, Edwin van der Geest / Doris Rudischhauser Phone +41 43 268 32 32 / +41 79 330 55 22 Overview of Gutburg Immobilien S.A. Gutburg Immobilien S.A. is a real estate company holding a portfolio of around 8,500 residential buildings in Germany. The properties are diversified in nine emerging cities in Eastern Germany and mostly fully renovated and in top condition. In 2012 net rental income amounted to EUR 22.1 million, half of which has been generated in the Leipzig area. Gutburg Immobilien S.A. pursues a steady development of rental income and an active, sustainable management of its properties. The portfolio of Gutburg Immobilien has been majority-owned since 2007 by the Swiss entrepreneur Daniel S. Aegerter. Legal Information THIS INFORMATION DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IT IS NOT BEING ISSUED IN COUNTRIES WHERE THE PUBLIC DISSEMINATION OF THE INFORMATION CONTAINED HEREIN MAY BE RESTRICTED OR PROHIBITED BY LAW. IN PARTICULAR, THIS INFORMATION IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. ANY NON-COMPLIANCE WITH SUCH RESTRICTIONS MAY RESULT IN AN INFRINGEMENT OF U.S. SECURITIES LAWS. SECURITIES OF GUTBURG IMMOBILIEN S.A. ('COMPANY') ARE NOT BEING PUBLICLY OFFERED OUTSIDE OF SWITZERLAND. IN PARTICULAR, THE SECURITIES OF THE COMPANY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OF U.S. PERSONS EXCEPT IN AN 'OFFSHORE TRANSACTION' IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT. THIS DOCUMENT DOES NOT CONSTITUTE A PROSPECTUS ACCORDING TO ART. 652A OR ART. 1156 OF THE SWISS CODE OF OBLIGATIONS OR ART. 27 ET SEQ. OF THE SIX SWISS EXCHANGE LTD LISTING RULES. End of Corporate News +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=EKFQAPUNWW Document title: Letter of intent bond --------------------------------------------------------------------- 26.06.2013 This press release was distributed by EQS CORPORATE COMMUNICATIONS. www.eqs.com - news archive: www.eqs.com/ch/presskit The issuer is responsible for the contents of the release. --------------------------------------------------------------------- 218117 26.06.2013
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found