News


CA Immo issues € 175 m corporate bond - 2017-2024

• As a result of strong demand issuance almost two times oversubscribed

• Subscription period for the 1,875% fixed-rate bond is from 17-21 February 2017

Vienna, 15 February 2017. CA Immo is issuing a corporate bond with a volume of € 175 m and a term of seven years. The coupon for the fixed-rate bond is 1,875%, with a denomination of € 1,000. From 17 to 21 February 2017, private investors in Austria may subscribe to the bond through Austrian banks (the right to premature closing of the subscription is reserved). The bond will trade on the Second Regulated Market of the Vienna Stock Exchange. The international rating agency Moody’s Investors Service Ltd. has assigned an investment grade rating of Baa2 to the bond. 

According to Dr. Hans Volckens, CFO of CA Immo, “With this transaction, we have already achieved one of our main aims for 2017. Having further optimised our liability profile, we are in a very strong position to face future changes in the interest rate and market environment. In addition, we further strengthen our recurring profitability.”

Proceeds from the issue will be targeted primarily at rescheduling secured financing with mainly variable interest rates and for the substitution of planned bank financing. Aside from a further reduction in average borrowing costs, the transaction will serve to improve the maturity profile of financial liabilities while raising the quota of hedged financial liabilities. Moreover, the pool of unencumbered assets – a key factor in the company’s investment grade rating – will expand, thereby substantiating the rating of CA Immo (Moody’s Baa2 with negative outlook). The financing profile of the Group will thus become more robust. 

Erste Group Bank AG and Raiffeisen Bank International AG were mandated as Joint-Lead Managers and Bookrunners.  The capital market prospectus may be downloaded from <link de investor-relations anleihen.>www.caimmo.com/de/investor-relations/anleihen.

 

Disclosure: This information is for marketing purposes. It constitutes a marketing announcement and an advertisement in the meaning of the Securities Supervision Act (WAG) and the Capital Markets Act (KMG), but does not constitute financial analysis or advice relating to financial securities or an offer of securities. The offer of securities of the issuer (the “Offer”) is made solely by way of and on the basis of the prospectus approved on 9 February 2017 by the Commission de Surveillance du Secteur Financier ("CSSF") of the Grand Duchy of Luxembourg, published and notified to the Austrian Financial Market Authority on the same day (together with the pricing notice, the “Prospectus”), printed copies of which are available free of charge from the business address of the issuer, Mechelgasse 1, A-1030 Vienna, during normal hours of business and which may be inspected in electronic form on the website of the issuer at www.caimmo.com (http://www.caimmo.com) and on the website of the Luxemburg Stock Exchange (www.bourse.lu). Only the information in the Prospectus is binding in connection with the Offer.