Immofinanz Immobilien Anlagen AG

euro adhoc: IMMOFINANZ AG
other
IMMOFINANZ offers Euro 650 million convertible bonds with an additional increase option

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16.01.2007

IMMOFINANZ AG offers convertible bonds with an offering size of EUR 650 million and an additional increase option of up to Euro 100 million. The company is making use of the authorisation at the general meeting on 28 September 2006. The convertible bonds, which convey the right to subscribe for a maximum of approximately 50 million underlying shares of IMMOFINANZ, will have a maturity of 7 years. The shareholders’ pre-emptive rights are excluded. The coupon and yield to maturity is expected to be in a range of 2.75 and 3.25 per cent annually, the conversion premium between 27 and 32 per cent over the reference share price. IMMOFINANZ will use the proceeds from this issue to finance further expansion and growth opportunities.

The convertible bonds will be offered solely to institutional investors outside the United States, Canada, Australia, Italy or Japan and sales will not be made to U.S., Canadian, Australian, Italian or Japanese persons. There will be no public offering of the convertible bonds. J.P. Morgan Securities Ltd. acts as sole bookrunner of the issue. Co-Lead Managers are Constantia Privatbank Aktiengesellschaft and Credit Suisse.

In connection with this offering, J.P. Morgan Securities Ltd., acting as stabilisation manager, may, from the announcement of final terms of the offering, effect transactions with a view to supporting the market price of the bonds at a level higher than that which might otherwise prevail for a limited period after the issue date. However, there may be no obligation on J.P. Morgan Securities Ltd. to do this. Such stabilising, if commenced, may be discontinued at any time, and will end no later than 19 February 2007, and would be executed in accordance with Regulation (EU) No. 2273/2003, FSA and Austrian Law.

This statement is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. In connection with this transaction there has not been, nor will there be, any public offering of the convertible bonds of the Issuer or the shares of IMMOFINANZ. The distribution of this press release and the offer and sale of the convertible bonds or the shares in certain jurisdictions may be restricted by law. Any persons reading this press release should inform themselves of and observe any such restrictions. A prospectus in accordance with the Prospectus Directive will not be prepared.

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ots Originaltext: Immofinanz Immobilien Anlagen AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Mag. Margit Hermentin
Investor Relations
IMMOFINANZ AG
A-1010 Wien  Bankgasse 2
Tel.: + 43/1/532 06 39-719
Mobil: +43/699/1 536 16 56
Fax: +43/1/532 06 39-790
e-mail: m.hermentin@immofinanz.com
m.hermentin@immoeast.at
m.hermentin@constantia.at
www.immofinanz.com
www.immoeast.at

Branche: Real Estate
ISIN:      AT0000809058
WKN:        911064
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market



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