Aggregate Holdings SA successfully places EUR 100 million Tap of 6.875% Senior Bond due 2025
DGAP-News: Aggregate Holdings SA
/ Key word(s): Bond
Aggregate Holdings SA successfully places EUR 100 million Tap of 6.875% Senior Bond due 2025 - Successful private placement of EUR 100 million tap of existing bond with investors - EUR 100 million bond tap was placed at par plus accrued interest - Total nominal amount outstanding of senior bond now at EUR 600 million - Net proceeds to be used for general corporate purposes
The tap was executed as a private placement at par. Net proceeds from the issue will be used for general corporate purposes. The new bonds issued through the tap are fully fungible with existing senior bonds, which are governed by German law and are listed on the Euro MTF Market of the Luxembourg Stock Exchange. Benjamin Lee, Chief Financial Officer and John Nacos, Chief Investment Officer at Aggregate Holdings, said: "The private placement via a tap of EUR 100m of bonds at par plus accrued interest is a reflection of the ongoing investor interest in Aggregate Holdings following our recent acquisitions in the Build & Hold division. We look forward to continuing engaging with investors going forward as the company delivers on its milestones".
Olaf Zapke, Communications About Aggregate Holdings Aggregate Holdings SA ("Aggregate") is a predominantly German-focussed real estate company, with interests also in Portugal. The company had EUR 4.8bn of assets and a project portfolio with a EUR 5.0bn gross development value as at FY 2020. Aggregate's Build & Hold division at year end included Quartier Heidestrasse, the largest mixed use real estate development project in Central Berlin with c.295,000 sqm of gross construction area, and has recently acquired project "Fürst", the prime asset located on Kurfürstendamm in central Berlin with c.183,000 sqm of gross construction area. Both these Build & Hold assets are due to be completed by 2023. In addition, Aggregate has recently acquired a real estate portfolio, of which it intends to develop c.675,000 sqm in Berlin. Aggregate's Build & Sell division also owns VIC Properties, the largest real estate developer in Portugal, with c.570,000 sqm of gross construction area and EUR 2.5bn gross development value. Additionally, Aggregate holds a long-term 26.6% strategic stake in Adler Group SA, one of Europe's largest residential players, among other investments.
09.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Aggregate Holdings SA |
Rue Antoine Jans 10 | |
1820 Luxembourg | |
Luxemburg | |
ISIN: | DE000A184P98 |
WKN: | A184P9 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart; Luxembourg Stock Exchange |
EQS News ID: | 1224929 |
End of News | DGAP News Service |
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1224929 09.08.2021