Issue of a hybrid warrant bond
> Issue volume of CHF 50m with a possibility to increase to a maximum of CHF 100m
> Subscription period for existing shareholders from 4 to 15 June 2018
> Interest coupon at 1.75 % p. a. through June 2023
> With each bond with a nominal value of CHF 1,000, the bond holder receives four warrants for the purchase of registered shares of Peach Property Group AG. Each warrant entitles the holder to subscribe to one registered share at an exercise price of CHF 25.00
> Funds are used for the further extension of the real estate portfolio and the redemption of liabilities
The Board of Directors of Peach Property Group AG, an investor specialising in the management of residential property in Germany, has decided to issue a subordinated hybrid warrant bond (“Bond”, ISIN CH0417376024). The target volume for the Bond is CHF 50.0 million; should demand be high, an increase to a total volume of CHF 100.0 million is possible. The bond has an unlimited term; a termination by Peach Property Group is possible for the first time on 22 June 2023. The interest coupon amounts to 1.75% p.a. until 22 June 2023 and afterwards the then prevailing capital market interest rate (minimum zero) plus 9.25% p.a. With each bond with a nominal value of CHF 1,000, the bond holder receives 4 warrants for the purchase of registered shares of Peach Property Group AG. Every warrant entitles the holder to subscribe to one registered share at an exercise price of CHF 25.00 during the exercise period from 25 June 2018 to 25 June 2021.
Existing shareholders of the Peach Property Group AG have the possibility to subscribe to the bond from 4 to 15 June 2018 (12.00 hours CET); the holding of 54.43388 shares of Peach Property Group AG entitles to subscribe to one bond. The first trading day for the registered shares ex preferential subscription right is 4 June 2018. There will be no trading of preferential subscription rights; bonds not subscribed to are offered through a private placement to shareholders and other investors in a bookbuilding procedure. The listing of the bonds cum option (CH0417376024), bonds ex option (CH0417376040) as well as the warrants (CH0417376065) at the SIX Swiss Exchange is to take place on 25 June 2018. The issue and listing prospectus for the bond is available for downloading on the website of Peach Property Group www.peachproperty.com.
Peach Property Group intends to use the newly raised funds for the further extension of the existing real estate portfolio in Germany as well as the redemption of other liabilities. Peach Property Group has recently notarised the acquisition of 1,066 residential units in Baden-Württemberg and intends to continue the expansion of its real estate portfolio. It currently amounts to more than 8,000 units with a lettable area of 518,000 m2. The current portfolio generates an annual target rent of more than CHF 40m.
Media, investors and analysts
Dr. Thomas Wolfensberger, Chief Executive Officer und Dr. Marcel Kucher, Chief Financial Officer
+41 44 485 50 00 | email@example.com
edicto GmbH, Axel Mühlhaus, Peggy Kropmanns
+49 (0) 69 90 55 05 52 | firstname.lastname@example.org
About Peach Property Group AG
Peach Property Group is a 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). Its Board of Directors consists of Reto Garzetti (President), Peter Bodmer, Dr. Christian De Prati and Kurt Hardt.
For more information, see http://peachproperty.com