Austrian real estate investment company Conwert Immobilien Invest is to issue convertible bonds with an offering size of up to EUR 200 mln. Conwert said the proceeds from the offering will be used to finance the acquisition of 25 real estate management and real estate service companies, as well as for the further expansion of the company and respective investment opportunities.
Austrian real estate investment company Conwert Immobilien Invest is to issue convertible bonds with an offering size of up to EUR 200 mln. Conwert said the proceeds from the offering will be used to finance the acquisition of 25 real estate management and real estate service companies, as well as for the further expansion of the company and respective investment opportunities.
The convertible bonds are to be listed on the Third Market of the Vienna Stock Exchange and are targeted solely at institutional investors outside of the US, Canada, Australia, Italy and Japan. There will be no public offering for the convertible bonds.
The convertible bonds will be offered at 100% of the nominal value of EUR 100,000 and have a maturity of seven years. The bonds convey the right to convert into about 12.8 mln Conwert shares. Credit Suisse and UniCredit Markets and Investment Banking are joint bookrunners for the issue.
