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 EUR20m, runs until 3 April 2018 and has an interest rate of 8.75 per cent. Its nominal denomination is EUR1,000.
Trading is planned to commence on 3 April 2013. The applicant and specialist is Close Brothers Seydler Bank.
“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,” says Barbara Georg, head of listing and 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," says Axel Harloff (pictured), 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."