LEG Immobilien Launches EUR 500 Mln Convertible Bond Offering
Aug 28 (Reuters) -LEG Immobilien SE LEGn.DE:
LAUNCH OF EUR 500 MILLION CONVERTIBLE BOND OFFERING
TO LAUNCH AN OFFERING OF GUARANTEED SENIOR, UNSECURED CONVERTIBLE BONDS DUE 2030
INTENDS TO USE NET PROCEEDS FROM ISSUANCE OF BONDS TO REFINANCE EXISTING INDEBTEDNESS AND GENERAL CORPORATE PURPOSES
BONDS WITH A DENOMINATION OF EUR 100,000 EACH WILL BE ISSUED BY ISSUER AT 100% OF THEIR PRINCIPAL AMOUNT
BONDS GUARANTEED BY LEG AND CONVERTIBLE INTO SHARES
BONDS WILL BE OFFERED WITH A FIXED COUPON OF 1.00% PER ANNUM
SETTLEMENT IS EXPECTED TO TAKE PLACE ON OR AROUND SEPTEMBER 4, 2024
BONDS WILL BE OFFERED ONLY TO INSTITUTIONAL INVESTORS IN CERTAIN JURISDICTIONS OUTSIDE UNITED STATES VIA A PRIVATE PLACEMENT
Source text for Eikon: ID:nEQ1g1tzZa
Further company coverage: [LEGn.DE]
(Gdansk Newsroom)
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