EQS-Adhoc: Peach Property Group tops up hybrid bond
EQS Group-Ad-hoc: Peach Property Group AG / Key word(s): Bond
Peach Property Group tops up hybrid bond
07.04.2016 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
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Press release
Peach Property Group tops up hybrid bond
-Private placement of CHF 12.5 Mio. with international investors
-Issue volume increases to a total of CHF 37.5 million
-Proceeds to be used for expanding the investment portfolio
Zurich, 7. April 2016 - Peach Property Group, an investor specialising in the
management of residential property in Germany, today announced that is has
topped up its hybrid bond issued in December 2015 by an additional CHF 12.5
million by way of a private placement with international investors to account
for concrete interest shown by investors in recent months. This move also
increases the Company's equity since the funds from this subordinated bond are
classified as equity in accordance with International Financial Reporting
Standards (IRFS). The hybrid bond now has a total volume of CHF 35.7 million.
Peach Property intends to use the funds primarily for the further expansion of
the investment portfolio. In this context, the focus will be on high-yield
residential properties in Germany.
The hybrid bond has a perpetual term and may be terminated by Peach Property
Group no earlier than as at 15 December 2018. Up until that date, the bond will
have a coupon of 5 percent p.a.; after that, the annual interest rate will be
equivalent to the 3-month LIBOR rate plus 9.25 percent. The bond has been traded
on SIX Swiss Exchange AG since 16 December 2015.
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 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).
For more information, seewww.peachproperty.com
End of ad hoc announcement
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Additional features:
Document:http://n.eqs.com/c/fncls.ssp?u=TFCDODMOGN
Document title: Press Release
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07.04.2016 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.
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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
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451921 07.04.2016
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