EQS-Adhoc: Peach Property Group AG resolves to issue a hybrid bond
01.12.2015 – 07:12
EQS Group-Ad-hoc: Peach Property Group AG / Key word(s): Bond/Issue of Debt Peach Property Group AG resolves to issue a hybrid bond 01.12.2015 / 07:00 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 resolves to issue a hybrid bond -Subscription period from 1 December to 11 December 2015 -Volume of CHF 25 million with possibility to increase to a total of CHF 50 million -Fixed coupon: 5.00% p.a. through December 2018 -Proceeds to be used to refinance the group and further expand the portfolio of investment properties in Germany Zurich, 1 December 2015 - The Management Board of Peach Property Group AG, a leading investor in the residential and commercial real estate sectors, has resolved to issue a subordinated bond ("hybrid bond", ISIN: CH0305711647). The subscription period as part of the public offer in Switzerland starts on 2 December 2015 and is expected to end on 11 December 2015 (noon), with earlier closing also possible. In addition, there will be a private placement with select European investors. The target volume for the hybrid bond is CHF 25 million. In the event of greater demand, it is possible to increase the volume to CHF 50 million. The hybrid bond has an unlimited term, and termination by Peach Property Group is possible for the first time on 15 December 2015. The interest coupon is 5.00% p.a. through 15 December 2018, and 3-month Libor plus 9.25% thereafter. The hybrid bond will be listed on the SIX Swiss Exchange from 15 December 2015. The prospectus including all details can be found on the Peach Property Group AG's Web site atwww.peachproperty.com/anleihe2015. As a result of the roadshow for the group's subsidiary Peach Property Group (Deutschland) AG, institutional investors from Switzerland in particular have announced very concrete interest in the structure of a hybrid bond at group level which has now been selected. As a result, the company is confident that the it will be able to place the planned volume. Peach Property Group 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, profitable opportunities for investment on the market in Germany. As per June 30, 2015 Peach Property Group has a portfolio of both residential and commercial investment properties in Germany and Switzerland with a market value of CHF 200 million and a development portfolio with a market value of CHF 139 million. The real estate assets not encumbered with mortgages and thus uncollateralized real estate assets totals around 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. Over the past few years, the focus of the overall portfolio has increasingly shifted towards investment properties; as of the end of September 2015 around 63% of the portfolio was invested in investment properties according to the asset reporting published each quarter. Over the medium term, the company aims to hold 75% of its total portfolio in real estate. As an active portfolio manager, in so doing the Peach Property Group aims to constantly increase the value of its investment portfolio via active asset management. 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 property investor and developer focused on investments in Switzerland and Germany. The portfolio includes an increasing number of investment properties that are designed to generate sustained income as well as attractive residential development properties. The Group's activities cover the entire value chain, from site evaluation to project planning, implementation and marketing. In the investment segment, the Group is focused on properties with a potential for achieving attractive yields based on active asset management - typically secondary locations in the catchment area of urban agglomerations. In the development segment, the Group concentrates on exceptional locations and properties with high-end specifications and amenities that meet the requirements of a demanding clientele. 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=VMKAQJUEOH Document title: Press Release -------------------------------------------------------------------------------- 01.12.2015 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 -------------------------------------------------------------------------------- 419761 01.12.2015