Announcement

TAG Immobilien AG launches corporate Note offering for up to EUR 200m

TAG Immobilien AG launches corporate Note offering for up to EUR 200m


TAG Immobilien AG / Key word(s): Issue of Debt

29.07.2013 / 08:55


Press release

Not for distribution in the United States, Australia, Canada or Japan.

TAG Immobilien AG launches corporate Note offering for up to EUR 200m

(Hamburg, 29 July 2013): The Management Board of TAG Immobilien AG, Hamburg ('TAG' or the 'Company') has resolved today, with the approval of the Supervisory Board, to launch a corporate Note offering (the 'Notes'). The Notes will have a principal amount of up to EUR 200m and a term of five years. Application has been made for inclusion of the Notes in the Open Market (Freiverkehr), Entry Standard on the Frankfurt Stock Exchange with participation in the Prime Standard for corporate bonds.

The Notes, which are neither subordinated nor secured, will be issued by TAG Immobilien AG with a denomination of EUR 1,000.00 each and redeemed at 100% of their principal amount. The interest rate and the yield of the issue will be determined by TAG on the basis of the price indications received during the offer period. Upon pricing, the pricing details will be posted on the Company's website under www.tag-ag.com/investor-relations/prospectus and on the website of the Luxembourg Stock Exchange www.bourse.lu. The issue is based on a prospectus, which is expected to be approved today by the Commission de Surveillance du Secteur Financier ('CSSF'), the financial sector supervisory commission in Luxembourg.

The expected net proceeds from the offering will be used primarily for the optimisation of the capital and financing structure, in particular for the repurchase of convertible bonds previously issued by the Company. Besides this, the Company intends to use the net proceeds for the financing of further growth of the Company and for further general corporate purposes. The details for the repurchase of convertible bonds are announced today via the required media and on the aforementioned Company website.

Credit Suisse Securities (Europe) Limited, London, as well as Close Brothers Seydler Bank AG, Frankfurt am Main, are acting as Joint Bookrunners in the transaction.

Further information can be obtained from the prospectus, which will be published and made available on the Company's website under www.tag-ag.com/investor-relations/prospectus today.

This announcement constitutes neither an offer to sell nor a solicitation to buy securities of TAG Immobilien AG and does not substitute the securities prospectus. Investments in the securities of TAG Immobilien AG should only be based on the securities prospectus which can be downloaded from TAG Immobilien AG's website (http://www.tag-ag.com/investor-relations/prospectus). Investors may also request to receive a hardcopy version of the securities prospectus from the Company, Steckelhörn 5, D-20457 Hamburg.

This announcement does not contain or constitute an offer for the sale of securities in the United States of America, Australia, Canada, Japan or other jurisdictions in which offers are subject to legal restrictions. The securities referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be sold or offered for sale in the United States of America absent registration or an exemption from registration requirements of the Securities Act. No offer of securities is made in the United States of America, or to, or for the account or benefit of, US persons. Subject to certain exemptions the securities referred to in this announcement may not be sold or offered for sale in Australia, Canada or Japan or to or for the account of Australian, Canadian or Japanese persons. No registration will take place of the offer or sale of the securities referred to in this announcement in accordance with the respective legal requirements in Australia, Canada or Japan.

Press enquiries:

TAG Immobilien AG

Head of Investor & Public Relations

Dominique Mann

Tel. +49 (0) 40 380 32 0

Fax +49 (0) 40 380 32 390

pr@tag-ag.com




End of Corporate News


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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir@tag-ag.com
Internet: www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart
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End of News DGAP News-Service

223101  29.07.2013