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ADLER Real Estate Aktiengesellschaft is planning a corporate bond in Deutsche Börse’s Entry Standard. The bond's subscription period runs until 28 March subject to early termination. The bond, which has the ISIN DE000A1R1A42, has a volume of up to €20 million, runs until 3 April 2018 and has an interest rate of 8.75 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 3 April 2013. Applicant and specialist is Close Brothers Seydler Bank AG.
“We are delighted that ADLER Real Estate Aktiengesellschaft has decided to issue a bond on the stock exchange and thus to obtain debt financing easily and cheaply,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse.
"Last year we started implementing our new strategy and invested in first residential properties which generate a positive Cash Flow for us," said Axel Harloff, Management Board Chairman of ADLER Real Estate Aktiengesellschaft. "Now, we can take the next big steps and become a company with a significant and profitable portfolio of residential properties."
ADLER Real Estate Aktiengesellschaft is a listed real estate company. It describes its focus as developing a strong and profitable real estate portfolio. Activities focus on the acquisition and management of residential properties throughout Germany.
