02.12.2015 18:30:08
|
EQS-Ad hoc: Peach Property Group AG
EQS-Adhoc: Peach Property Group AG increases target volume of its hybrid bond due to high demand
Press release
Peach Property Group AG increases target volume of its hybrid bond due to high demand
- Subscription commitments in excess of the original target volume of CHF 25 million have already been received
- Company is thus using the option to increase the volume
- Subscription still possible through to 11 December 2015 (early closure possible)
- Proceeds to be used for refinancing and to further expand the Group's investment portfolio
Zurich, 2 December 2015 - Peach Property Group AG, one of the leading investors in the residential and commercial real estate sector, has been met with excellent demand for its subordinated bond ("hybrid bond", ISIN: CH0305711647) shortly after the subscription period commenced. It has received subscription commitments from investors in excess of the original target volume of CHF 25 million. As a result, Peach Property Group AG is using its option to increase the volume of the hybrid bond up to CHF 50 million. The subscription period as part of the public offer in Switzerland is expected to end on 11 December 2015 (noon), early closing is possible. In addition, there will be a private placement with selected European investors.
The hybrid bond has an unlimited term, and termination by Peach Property Group AG is possible for the first time on 15 December 2018. The interest coupon is 5.00% p.a. through to 15 December 2018, and 3-month Libor plus 9.25% thereafter. The hybrid bond will be listed on the SIX Swiss Exchange on 15 December 2015. The prospectus including all details can be found on Peach Property Group's Web site www.peachproperty.com/anleihe2015.
Peach Property Group AG plans to use the proceeds from the hybrid bond to refinance the Group's liabilities and to expand its portfolio of investment properties in Germany in particular. The company believes that there continue to be attractive and profitable investment opportunities. As of 30 June 2015, Peach Property Group held a portfolio of both residential and commercial investment properties in Germany and Switzerland with a market value of more than CHF 200 million and a development portfolio with a market value of over CHF 130 million. The real estate assets not encumbered with mortgages and thus uncollateralized real estate assets amounts to approximately CHF 170 million. Over the medium term, the investment focus is on Germany in particular, and more precisely on North Rhine-Westphalia, Lower Saxony and Hessen.
Contact:
Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher, Chief Financial Officer +41 44 485 50 00 | investors@peachproperty.com
German media
edicto GmbH, Axel Mühlhaus, Peggy Kropmanns +49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de
About Peach Property Group AG
Peach Property Group AG is a leading property investor and developer focused on investments in Germany and Switzerland. The Group stands for long time experience, competence and quality. Innovative solutions for modern housing needs, strong partnerships and a wide value chain complete the profile of the Group. The portfolio consists of an increasing number of high yield investment properties, typically in B-cities in close reach to metropolitan areas. In addition, the Group develops properties for its own portfolio or for the sale as condominium. Developments for sale focus on A-locations and encompass attractive architecture and high level furnishing for an international clientele. The business activities of the Group cover the entire value chain, from property acquisition and site selection to active asset management and finally to the sale or lease of properties.
Peach Property Group AG is headquartered in Zurich and has its German Group headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366).
For more information, see www.peachproperty.com
Important information
This document does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the European Union, Australia, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act") or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in the EU, Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of the EU, Australia, Canada or Japan. There will be no public offer of the securities in the United States.
In the United Kingdom, this document is only being distributed to and 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 is directed only at Relevant Persons and must not be acted on or relied on 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.
No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
If any statements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words 'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of Peach Property Group and the persons acting together with Peach Property Group. Such forward-looking statements are based on current plans, estimates and forecasts which Peach Property Group and the persons acting together with Peach Property Group have made to the best of their 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 Peach Property Group or the persons acting together with Peach Property Group. It should be kept in mind that the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.
This document does not constitute an issuing prospectus according to Article 652 a and 1156 of the Swiss Code of Obligations, nor does it constitute a listing prospectus according to Article 27 ff of SIX Swiss Exchange's listing regulations.
End of ad hoc announcement
+++++ Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=EDSBXHNIHV Document title: Press Release
---------------------------------------------------------------------------
02.12.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
---------------------------------------------------------------------------
Language: English Company: Peach Property Group AG Seestrasse 346 8038 Zürich Switzerland Phone: +41 44 485 50 00 Fax: +41 44 485 50 11 E-mail: investors@peachproperty.com Internet: www.peachproperty.com ISIN: CH0118530366 Valor: A1C8PJ Listed: Regulated Unofficial Market in Berlin, Stuttgart; Open Market in Frankfurt ; SIX End of News EQS Group News Service ---------------------------------------------------------------------------
420697 02.12.2015
EQS Group-Ad-hoc: Peach Property Group AG / Key word(s): Bond/Issue of Debt
Peach Property Group AG increases target volume of its hybrid bond due to
high demand
02.12.2015 / 18:30
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF SUCH JURISDICTION.
Press release
Peach Property Group AG increases target volume of its hybrid bond due to high demand
- Subscription commitments in excess of the original target volume of CHF 25 million have already been received
- Company is thus using the option to increase the volume
- Subscription still possible through to 11 December 2015 (early closure possible)
- Proceeds to be used for refinancing and to further expand the Group's investment portfolio
Zurich, 2 December 2015 - Peach Property Group AG, one of the leading investors in the residential and commercial real estate sector, has been met with excellent demand for its subordinated bond ("hybrid bond", ISIN: CH0305711647) shortly after the subscription period commenced. It has received subscription commitments from investors in excess of the original target volume of CHF 25 million. As a result, Peach Property Group AG is using its option to increase the volume of the hybrid bond up to CHF 50 million. The subscription period as part of the public offer in Switzerland is expected to end on 11 December 2015 (noon), early closing is possible. In addition, there will be a private placement with selected European investors.
The hybrid bond has an unlimited term, and termination by Peach Property Group AG is possible for the first time on 15 December 2018. The interest coupon is 5.00% p.a. through to 15 December 2018, and 3-month Libor plus 9.25% thereafter. The hybrid bond will be listed on the SIX Swiss Exchange on 15 December 2015. The prospectus including all details can be found on Peach Property Group's Web site www.peachproperty.com/anleihe2015.
Peach Property Group AG plans to use the proceeds from the hybrid bond to refinance the Group's liabilities and to expand its portfolio of investment properties in Germany in particular. The company believes that there continue to be attractive and profitable investment opportunities. As of 30 June 2015, Peach Property Group held a portfolio of both residential and commercial investment properties in Germany and Switzerland with a market value of more than CHF 200 million and a development portfolio with a market value of over CHF 130 million. The real estate assets not encumbered with mortgages and thus uncollateralized real estate assets amounts to approximately CHF 170 million. Over the medium term, the investment focus is on Germany in particular, and more precisely on North Rhine-Westphalia, Lower Saxony and Hessen.
Contact:
Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer and Dr. Marcel Kucher, Chief Financial Officer +41 44 485 50 00 | investors@peachproperty.com
German media
edicto GmbH, Axel Mühlhaus, Peggy Kropmanns +49 (0) 69 90 55 05 52 | amuehlhaus@edicto.de
About Peach Property Group AG
Peach Property Group AG is a leading property investor and developer focused on investments in Germany and Switzerland. The Group stands for long time experience, competence and quality. Innovative solutions for modern housing needs, strong partnerships and a wide value chain complete the profile of the Group. The portfolio consists of an increasing number of high yield investment properties, typically in B-cities in close reach to metropolitan areas. In addition, the Group develops properties for its own portfolio or for the sale as condominium. Developments for sale focus on A-locations and encompass attractive architecture and high level furnishing for an international clientele. The business activities of the Group cover the entire value chain, from property acquisition and site selection to active asset management and finally to the sale or lease of properties.
Peach Property Group AG is headquartered in Zurich and has its German Group headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss Exchange (PEAN, ISIN CH0118530366).
For more information, see www.peachproperty.com
Important information
This document does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the European Union, Australia, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act") or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in the EU, Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of the EU, Australia, Canada or Japan. There will be no public offer of the securities in the United States.
In the United Kingdom, this document is only being distributed to and 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 is directed only at Relevant Persons and must not be acted on or relied on 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.
No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
If any statements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words 'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of Peach Property Group and the persons acting together with Peach Property Group. Such forward-looking statements are based on current plans, estimates and forecasts which Peach Property Group and the persons acting together with Peach Property Group have made to the best of their 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 Peach Property Group or the persons acting together with Peach Property Group. It should be kept in mind that the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.
This document does not constitute an issuing prospectus according to Article 652 a and 1156 of the Swiss Code of Obligations, nor does it constitute a listing prospectus according to Article 27 ff of SIX Swiss Exchange's listing regulations.
End of ad hoc announcement
+++++ Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=EDSBXHNIHV Document title: Press Release
---------------------------------------------------------------------------
02.12.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
---------------------------------------------------------------------------
Language: English Company: Peach Property Group AG Seestrasse 346 8038 Zürich Switzerland Phone: +41 44 485 50 00 Fax: +41 44 485 50 11 E-mail: investors@peachproperty.com Internet: www.peachproperty.com ISIN: CH0118530366 Valor: A1C8PJ Listed: Regulated Unofficial Market in Berlin, Stuttgart; Open Market in Frankfurt ; SIX End of News EQS Group News Service ---------------------------------------------------------------------------
420697 02.12.2015
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