.jpg)
TAG Immobilien AG is launching a bond in the Prime Standard for Corporate Bonds of the Frankfurt Stock Exchange. The bond with the ISIN: XS0954227210 may be subscribed from today until 2 August, subject to early termination of subscription. It has a volume of up to €200 million, runs until 7 August 2018 and has an interest rate of at least 3.00 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 7 August 2013. Applicant and specialist is Close Brothers Seydler Bank AG.
“We are pleased that TAG Immobilien AG has decided to list its bond in the Prime Standard of the Frankfurt Stock Exchange. This segment is aimed at larger listed and non-listed companies that are internationally active and wish to position themselves with regard to international investors,” said Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse.
TAG Immobilien AG is a MDAX listed real estate group which can look back on a history spanning over 125 years. According to information from the company TAG holds a portfolio of residential properties in Germany, located mainly in the region of Hamburg, the greater Berlin area, the region Salzgitter, and the German states of Thuringia, Saxony and North Rhine-Westphalia. TAG's operations are focused on the management and development of residential properties, and on increasing the value of its portfolio through acquisitions. TAG also owns a diversified inventory of commercial properties.
