By Abigail W. Adams
Portland, Me., April 5 – Deutsche Konsum REIT-AG issued €10 million 12% subordinated secured convertible bonds due 2025 at 98.5 on Friday, according to a company news release.
Two institutional investors subscribed and underwrote the partial bonds of the convertible bonds, according to the release.
The conversion price is €2.85.
Proceeds will be used for general corporate purposes.
Deutsche Kondum is a Potsdam, Germany-based real estate investment trust.
| Issuer: | Deutsche Konsum REIT-AG
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| Securities: | Subordinated secured convertible bonds
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| Amount: | €10 million
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| Maturity: | Oct. 5, 2025
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| Coupon: | 12%
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| Price: | 98.5
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| Conversion price : | €2.85
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| Pricing date: | April 5
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| Stock symbol: | GER: DKGX
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| Market capitalization: | €105.12 million
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