Deutsche Annington Immobilien SE / Key word(s): IPO/Real Estate
17.07.2013 / 20:59
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Deutsche Annington issues unsecured bonds in a total amount of EUR 1.3 billion
Bochum, 17 July 2013 - Today, Deutsche Annington Finance B.V. priced the issuance of its first unsecured fixed rate bonds in an aggregate nominal amount of EUR 1.3 billion. The bonds will be sub-divided in two tranches with terms of 3 and 6 years. The bonds and Deutsche Annington Immobilien SE have been granted a preliminary rating of 'BBB' by Standard & Poor's. The terms of the bonds are set forth in the table below:
The bonds are guaranteed by Deutsche Annington Immobilien SE and certain of its subsidiaries. The proceeds will be used to reduce the utilisation of a EUR 2.5 billion term loan, under which EUR 2.3 billion is expected to be drawn-down on 18 July 2013 to repay Deutsche Annington's liabilities towards German Residential Asset Note Distributor P.L.C. ('GRAND') as announced on 16 July 2013.
'Following the successful listing we have undertaken the next important step in the implementation of our new financing strategy. As announced we will further broaden our financing options and make them more flexible. To this end we have for the first time issued unsecured corporate bonds,' said Dr. A. Stefan Kirsten, CFO of Deutsche Annington. 'Our objective is to satisfy a significant portion of our future financing needs through the further issuance of unsecured corporate bonds which also might involve longer term maturities.'
Stock exchange: Regulated Market (Prime Standard), Frankfurt Stock Exchange
Common Code : 094567408
Registered office of Deutsche Annington: Vogelsanger Weg 80, 40472 Dusseldorf, Germany
Business address of Deutsche Annington: Philippstrasse 3, 44803 Bochum, Germany
+49 234 314 1761
+49 234 314 1926
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This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Annington Immobilien SE management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Deutsche Annington Immobilien SE or the success of the housing industry to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements. Deutsche Annington Immobilien SE does not assume any obligation to update such forward-looking statements and to adjust them to any future results and developments.