New York, March 24 Demire Deutsche Mittelstand Real Estate AG priced a 50 million add-on to its 7½% bond due 2019 at par, according to a company announcement.
Oddo Seydler Bank AG was the global coordinator and bookrunner for the private placement with institutional investors.
The bond will be added to the current listing in the Open Market of the Frankfurt Stock Exchange on March 25.
Demire originally issued 50 million of the bonds in September 2014. The total outstanding is now 100 million.
Proceeds from the add-on will be used for portfolio acquisitions and to strengthen the companys financial capacities.
Demire is a Frankfurt-based real estate holding company that focuses on developments in Eastern Europe.
| Issuer: | Demire Deutsche Mittelstand Real Estate AG
|
| Issue: | Corporate bond
|
| Amount: | 50 million add-on
|
| Maturity: | Sept. 16, 2019
|
| Bookrunner: | Oddo Seydler Bank AG
|
| Coupon: | 7½%
|
| Price: | Par
|
| Call: | From Sept. 16, 2017 at 104, declining to 102 on Sept. 16, 2018
|
| Distribution: | Regulation S
|
| Total amount: | 100 million, including 50 million priced in September 2014
|
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