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PRESS RELEASE: GSW Immobilien AG: Convertible Bond - Notice of a change of control
DGAP-News: GSW Immobilien AG / Key word(s): Miscellaneous GSW Immobilien AG: Convertible Bond - Notice of a change of control
27.11.2013 / 15:33
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GSW Immobilien AG - Notice of a change of control in the sense of the Terms and Conditions of the Convertible Bonds of GSW Immobilien AG (ISIN DE000GSW1CB6), of a right limited in time to opt for early redemption of the convertible bonds, and of a temporary adjustment of the conversion price
Berlin, 27 November 2013 - With regard to the convertible bonds of GSW Immobilien AG in the amount of EUR 182.9 million, which will be due for repayment on 20 November 2019 (ISIN DE000GSW1CB6) (the 'Convertible Bonds'), GSW Immobilien AG hereby notifies a change of control in the sense of 12(1)(e) of the terms and conditions of the Convertible Bonds (the 'Terms and Conditions'):
GSW Immobilien AG on 27 November 2013 obtained knowledge of the fact that the public takeover offer (the 'Takeover Offer') of Deutsche Wohnen AG to acquire all no-par value bearer shares of GSW Immobilien AG by an exchange of shares, which was published on 2 October 2013 and according to a notice of Deutsche Wohnen AG has been accepted for approximately 91.05% of the share capital and the voting rights of GSW Immobilien AG, has become unconditional on 27 November 2013 as a result of all closing conditions for the Takeover Offer having been satisfied. Consequently Deutsche Wohnen AG has had control of GSW Immobilien AG in the sense of the Terms and Conditions since that day.
GSW Immobilien AG has determined 24 January 2014 as the effective date in the sense of 12(1)(a)(ii) of the Terms and Conditions (the 'Effective Date').
Pursuant to 12(1)(b) of the Terms and Conditions, each bondholder is entitled upon today's notification of the change of control, at its option, to request GSW Immobilien AG, by submitting a redemption notice which must be received by the paying agent no less than ten calendar days prior to the Effective Date, to redeem as of the Effective Date any or all of its bonds for which the conversion right was not exercised and which were not declared due for early redemption, at their principal amount plus interest accrued thereon until (but excluding) the Effective Date.
The conversion price temporarily adjusted pursuant to 12(1)(d) of the Terms and Conditions, in the event that the conversion right is exercised by submitting a conversion notice on or prior to the Effective Date, is EUR 29.4278.
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PRESS RELEASE: GSW Immobilien AG: Convertible Bond - Notice of a change of control
DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous alstria office REIT-AG: alstria leases 2,000 sqm in Hamburg
26.11.2013 / 17:34
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Press release
alstria leases 2,000 sqm in Hamburg
- Global advertising agency leases around 2,000 sqm in alstria's Holstenhof (Kaiser-Wilhelm-Strasse 79-87)
- Historical building in the inner city of Hamburg is undergoing a full refurbishment
Hamburg, November 26, 2013 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the signing of a lease for one of its development assets located in the inner city of Hamburg.
With the new leasing success in its Holstenhof asset (Kaiser-Wilhelm-Strasse 79-87, Hamburg) alstria continues its progress in the development segment. The new tenant, a leading advertising agency, signed a 5-year lease for approximately one third of the available space. The lease will start on July 1, 2014. After the entire lease-up, the building will generate an annual rental income of EUR 1.1 m.
alstria acquired the 5,500 sqm asset in 2006 from the City of Hamburg with an annual rental income of EUR 500 k. After the relocation of the former tenant into another building of alstria's portfolio the Company initiated a complete refurbishment, which substantially improves the quality and attractiveness of the asset, while safeguarding its historical nature. The building will be certified by the 'BREEAM International Green Building Standard'.
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PRESS RELEASE: alstria office REIT-AG: alstria leases 2,000 sqm in Hamburg
PRESS RELEASE: DVB Bank SE placed second EUR500 million senior unsecured benchmark issue
DGAP-News: DVB Bank SE / Key word(s): Bond/Issue of Debt DVB Bank SE placed second EUR500 million senior unsecured benchmark issue
27.11.2013 / 14:00
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Frankfurt/Main, 27 November 2013 - DVB Bank SE (ISIN: DE0008045501) today announced the issuance of a benchmark bond: On Monday, 25 November 2013, DVB Bank successfully launched and priced its second EUR500 million senior unsecured benchmark transaction in 2013. Since May 2012, DVB has been establishing its benchmark curve, starting with a three-year maturity followed by two issues with five-year maturity. By means of this transaction, DVB extended its own benchmark curve out to seven years.
Wolfgang F. Driese, CEO and Chairman of the DVB's Board of Managing Directors, commented on this issue as follows:
'Achieved through constant investor work, the success of this transaction proves DVB's strong recognition in the capital markets and its attractiveness to a wide range of investors in particular outside Germany. The issue further broadens and diversifies our investor base and we accomplished our objective to build a euro-denominated senior unsecured benchmark curve.'
Following a deal-related roadshow, DVB decided to issue a EUR500 million no-grow benchmark transaction making use of the overall constructive market environment. Books were opened on Monday, 25 November 2013, at 10:00 a.m. CET. There was strong demand from various investors leading to an oversubscribed, highly granular order book which was closed at 10:30 a.m. CET with a total volume of above EUR1.3 billion. The final spread was fixed at mid-swaps +95 basis points and pays an annual fixed coupon of 2.375%.
The final order book saw a significant degree of diversification and granularity with 177 accounts participating:
By investor type, fund managers and banks were the most important investor groups, participating with 48% and 34% respectively, followed by corporates with 9%. Insurance companies as well as pension funds were both allocated 2% of the transaction. Geographically, non-German investors took 51%: investors from Nordic countries were allocated 19%, Austrian/Swiss investors 12%, and investors from the UK 7% and Benelux 5%, respectively.
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PRESS RELEASE: DVB Bank SE placed second EUR500 million senior unsecured benchmark issue
Yod Ibiza Project in Ibiza Spain//Boat Party//september 2013
http://www.yodibiza.com.
By: Alexander Kit
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Yod Ibiza Project in Ibiza Spain//Boat Party//september 2013 - Video