Vivacon AG

euro adhoc: Vivacon AG
Financing, Stock Offerings (IPO)
VIVACON AG: Successful placing of ground lease receivables with a total volume of EUR 117.5m

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22.12.2006

Cologne, 22nd December 2006. VIVACON AG (ISIN 000604 8911) today successfully placed a further securitization of ground lease receivables from its portfolio on the capital market. The issue volume amounts to EUR 117.5m. The securitized ground lease receivables relate to 10,934 residential and commercial units. Ground lease receivables belonging to the Joint Venture with Forum Partners are included in the securitization. The Forum Partners Joint Venture will receive approximately EUR 20m of the issue proceeds.

Fitch rated the complete transaction with Aaa. Moody’s rated the senior tranche, which amounts to 65%, at Aaa and the remaining junior tranche at Aa3. The transaction was placed with institutional Investors in Germany within hours.

UniCredit Markets & Investmentbanking has also structured VIVACON's second securitization and placed the commercial mortgage backed securities (CMBS) as sole book runner in the capital market. The expected maturity amounts to 7 years with a legal final maturity of 13 years. The proceeds will mainly be used to further expand the portfolio trading business.

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ots Originaltext: Vivacon AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Lars Schriewer
Director Communication
Tel: + 49 221 / 1305621 631
Lars.Schriewer@vivacon.de

Sven Annutsch
Head Corporate Finance
Tel: + 49 221 / 1305621 630
Sven.Annutsch@vivacon.de

Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 1305621 950
http://www.vivacon.de

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    CDAX, SDAX, Prime All Share, Classic All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / official dealing



Weitere Meldungen: Vivacon AG

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