DGAP-News: TLG IMMOBILIEN AG successfully places corporate bond with a nominal value of EUR 600 million

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TLG IMMOBILIEN AG successfully places corporate bond with a nominal value of EUR 600 million

- Senior unsecured fixed rate notes with a nominal value of EUR 600 million due 2026

- Unsecured corporate bond enables TLG IMMOBILIEN AG to further diversify sources of funding

- Issue proceeds to be used for future real estate acquisitions and general corporate purposes

- Moody's is expected to assign a corporate bond rating of Baa2

Berlin, 17 May 2019 - Today, TLG IMMOBILIEN AG (ISIN: DE000A12B8Z4) announced the successful placement of senior unsecured fixed rate standalone notes in an aggregate nominal amount of EUR 600 million with a denomination of EUR 100,000 (the "Notes"). The Notes are due on 28 May 2026 and will bear interest at a rate of 1.50% per year.

TLG IMMOBILIEN intends to use the net proceeds for future real estate acquisitions and general corporate purposes.

As the interest rate of the Notes is below its current average interest rate of interest-bearing liabilities, TLG IMMOBILIEN AG's average cash costs of debt are expected to decline further, while its average weighted maturity of approximately 5 years at the moment will improve further.

TLG IMMOBILIEN intends to arrange for the Notes to be listed on the regulated market of the Luxembourg Stock Exchange (Bourse de Luxembourg).

Commenting on the successful bond placement, Gerald Klinck, Chief Financial Officer of TLG IMMOBILIEN AG, said: "With its second unsecured corporate bond issuance within two years, TLG IMMOBILIEN AG can further diversify its sources of funding and proves its ability to successfully access the debt capital markets. In addition, the issuance supports us in the further execution of the growth strategy."

J.P. Morgan acted as Sole Global Coordinator and together with Credit Suisse as Joint Bookrunners on this transaction. VICTORIAPARTNERS acted as independent financial advisor to TLG IMMIBILIEN AG.

SEE HERE FOR BOND DETAILS:

www.tlg.eu > Investor Relations > Bonds

KONTAKT

ABOUT TLG IMMOBILIEN AG

For over 25 years, the listed company TLG IMMOBILIEN AG has owned and rented out commercial properties in selected promising locations in Germany. The company continuously develops its portfolio and actively generates value through strategic investments and selected property acquisitions. As at 31 December 2018, its portfolio contains properties worth in excess of EUR 4.1 bn. As at the same reporting date, the adjusted EPRA Net Asset Value per share amounted to EUR 26.67. The portfolio comprises office properties in cities including Berlin, Dresden, Frankfurt/Main, Leipzig and Rostock. It also contains a regionally diversified portfolio of retail properties, primarily in the neighbourhood shopping segment, in promising micro-locations as well as seven hotels in top central locations. The properties of TLG IMMOBILIEN AG stand out not only due to their excellent locations but also because of their long-term rental or lease agreements. Its highly qualified employees guarantee extensive local market expertise at its individual locations.

IMPORTANT NOTICE

This publication may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Canada, Japan or Australia or any other jurisdiction where such announcement could be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons who are in possession of this document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This publication does not constitute an offer of, or a solicitation of an offer to purchase, securities of TLG IMMOBILIEN AG or of any of its subsidiaries in the United States of America, Germany or any other jurisdiction. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, an offer in any jurisdiction. The securities referred to herein may not be offered or sold in the United States of America in the absence of registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of TLG IMMOBILIEN AG have not been, and will not be, registered under the Securities Act.

In the United Kingdom, this announcement is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc. (all such persons together being referred to as "Relevant Persons")). This document must not be acted on, or relied upon, by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In member states of the European Economic Area ("EEA") this announcement and any offer, if made subsequently, is directed exclusively at persons who are "qualified investors" within the meaning of the Prospectus Directive. For these purposes, the expression "Prospectus Directive" means Directive 2003/71/EC and any amendments thereto, in particular Directive 2010/73/EU.

No action has been taken that would permit an offering or an acquisition of the securities or a distribution of this announcement in any jurisdiction where such action would be unlawful. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

This announcement does not constitute a recommendation concerning the private placement of securities described in this announcement (the "Placement"). Investors should consult a professional advisor as to the suitability of the Placement for the person concerned.

J.P. Morgan Securities plc ("J.P. Morgan") and Credit Suisse Securities (Europe) Limited ("Credit Suisse") are acting exclusively for TLG IMMOBILIEN AG in connection with the Placement. J.P. Morgan and Credit Suisse will not regard any other person as their respective client in connection with the Placement and will neither be responsible, nor provide protection, to anyone other than TLG IMMOBILIEN AG, nor will J.P. Morgan or Credit Suisse provide advice to anyone other than TLG IMMOBILIEN AG in relation to the Placement, the contents of this announcement or any other matter referred to herein.

In connection with the Placement, J.P. Morgan and Credit Suisse as well as any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase securities of TLG IMMOBILIEN AG and may otherwise deal for their own accounts. Accordingly, references to the securities being issued or sold should be read as including any issue, offer or sale to J.P. Morgan and Credit Suisse as well as any of their affiliates acting as investors for their own accounts. In addition, J.P. Morgan and Credit Suisse or their respective affiliates may enter into financing arrangements and swaps with investors in connection with which J.P. Morgan and Credit Suisse or their affiliates may from time to time acquire, hold or dispose of shares of TLG IMMOBILIEN AG. J.P. Morgan and Credit Suisse do not intend to disclose the extent of any such investment or transactions, unless there is a legal or regulatory obligation to do so.

None of J.P. Morgan or Credit Suisse or any of their respective directors, officers, employees, advisers or agents accept any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied as to, the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from this announcement) or, with limited exception, any other information relating to TLG IMMOBILIEN AG, its subsidiaries and affiliated companies, whether written, oral or in visual or electronic form, or any damage howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

Solely for the purposes of each manufacturer's product approval process, the target market assessment in respect of the securities described in this announcement has led to the conclusion that: (i) the target market for the securities is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended,
"MiFID II"); and (ii) all channels for distribution of the securities to eligible counterparties and professional clients are appropriate.

The securities described in this announcement are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any "retail investor" in the EEA. For these purposes, a "retail investor" means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MIFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97 ("IDD"), where that customer would not qualify as a professional client as defined in point (10) of article 4(1) of MIFID II. Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the securities or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the securities or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

To the extent that this announcement contains forward-looking statements, such statements do not represent facts and are characterized by the words "expect", "believe", "estimate", "intend", "aim", "assume" or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of TLG IMMOBILIEN AG and are based on current plans, estimates and forecasts which TLG IMMOBILIEN AG has made to the best of its knowledge, but which do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by TLG IMMOBILIEN AG. It should be kept in mind that the actual events or developments may differ materially from those contained in or expressed by such forward-looking statements.