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CA Immobilien Anlagen AG

EANS-Adhoc: CA Immobilien Anlagen Aktiengesellschaft
CA IMMOBILIEN ANLAGEN AG ISSUES CONVERTIBLE BONDS

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
Company Information/Convertible Bond
04.11.2009
Not for publication or distribution in the United States, Australia, 
Canada or Japan.
CA IMMOBILIEN ANLAGEN AG ISSUES CONVERTIBLE BONDS
Vienna, 04 November 2009.
The Management Board of CA Immobilien Anlagen AG ("CA Immo"), with 
the approval of the Supervisory Board, resolved today to issue 
senior, unsecured convertible bonds (the "Bonds"). CA Immo will 
hereby make use of the authorisation as resolved by the annual 
general meeting on 13 May 2008.
The base offering size will be EUR 100 million and the offering may 
be increased by up to EUR 35 million. CA Immo has granted the Joint 
Bookrunners a greenshoe option, exercisable until the second business
day prior to the settlement day, of up to EUR 15 million for the 
purchase of further convertible bonds to cover over-allotments (if 
any).
With the proceeds of the offering CA Immo intends to enhance its 
financial flexibility in order to pursue investment opportunities in 
the current market environment and to fund future development 
projects.
The Bonds will have a maturity of five years. The semi-annual coupon 
is expected to be set between 3.75% - 4.50% p.a. The Bonds will be 
issued at 100% of their nominal value of EUR 50,000 per Bond and will
be redeemed, if not previously converted, at 100% of the nominal 
value plus accrued interest at maturity. The Bonds are callable by CA
Immo after the first three years if the stock exchange price of CA 
Immo´s shares (over certain periods) is equal to or exceeds 130% of 
the then applicable conversion price.
The conversion price is expected to be set at a conversion premium 
between 25.0% and 30.0% above the volume weighted average price 
(VWAP) of the CA Immo shares on the Vienna stock exchange from the 
time of launch of the placement until pricing, which is expected 
today.
The pre-emptive rights of the shareholders of CA Immo to subscribe to
the Bonds are excluded. CA Immo intends to list the Bonds on the MTF 
(Third Market) of the Vienna stock exchange.  Settlement is expected 
to occur on November 09, 2009.
The Bonds will be offered and sold in an accelerated bookbuilding 
only to institutional investors outside of the United States, Canada,
Australia and Japan. No public offering of the Bonds will be made. 
Deutsche Bank and UniCredit act as Joint Bookrunners in relation to 
the transaction.
IMPORTANT NOTE Not for release, publication or distribution in the 
United States, Canada, Japan and Australia. This ad hoc release is 
for information purposes only and does not constitute an offer to 
sell or a solicitation of an offer to purchase securities in the 
United States, Austria or any other jurisdiction. The Bonds and the 
shares to be delivered upon conversion of the Bonds have not been 
registered under the U.S. Securities Act of 1933, as amended, and may
not be offered, sold or delivered within the United States or to U.S.
persons absent registration under or an applicable exemption from the
registration requirements of the United States securities laws. CA 
Immo does not intend to register any offering in the United States or
to publicly offer any securities in the United States. This ad hoc 
release is not for general publication, release or distribution in 
the United Kingdom and may only be distributed in the United Kingdom 
to persons who (i) are investment professionals falling within 
article 19(5) of the U.K. Financial Services and Markets Act 2000 
(Financial Promotion) Order 2005, in its current version (the 
"Order"), or (ii) are high net worth entities or other persons to 
whom it may lawfully be communicated falling within article 49(2) (a)
to (d) of the order (all such persons will be termed "Relevant 
Persons" below). Anyone in the United Kingdom who is not a Relevant 
Person may not act on the basis of this ad hoc release or its 
contents. Any investment or investment activity to which this ad hoc 
release refers is only available to Relevant Persons and is only 
carried out with Relevant Persons. From the date of the announcement 
of the final terms of the Bonds, Deutsche Bank Aktiengesellschaft, as
stabilisation manager, may over-allot or effect transactions with a 
view to supporting the market price of the Bonds or the Shares at a 
level higher than that which might otherwise prevail. Such 
stabilising, if commenced, may be discontinued at any time and must 
be brought to an end no later than the earlier of 30 days after the 
closing date and 60 days after allotment of the Bonds. If commenced, 
such stabilising may lead to a market price of the Bonds and/or the 
shares which may be higher than the level that would exist if no such
stabilising measures were taken and may indicate to the market a 
price stability which without such stabilising might not prevail. 
However, there is no obligation to engage in such stabilisation 
activities and such stabilisation, if commenced (which may not occur 
before the final terms of the Bonds have been announced), may be 
discontinued at any time. Stabilisation/FSA.
Forward Looking Statements Certain information contained in this ad 
hoc release constitutes "forward-looking statements". Investors are 
cautioned that forward-looking statements are inherently uncertain 
and involve risks and uncertainties that could cause actual results, 
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or 
implied by such forward-looking statements or information. Such 
statements include comments regarding the completion and terms of the
proposed Offering and the use of proceeds therefrom. Factors that 
could cause actual results or events to differ materially from 
current expectations include, among other things, risks relating to 
global political or economic uncertainties, unanticipated events 
impacting the use of proceeds from the Offering and changes in global
securities markets. Investors and others should not assume that any 
forward-looking statement in this ad hoc release represents 
management's estimate as of any date other than the date of this ad 
hoc release.

Further inquiry note:

CA Immobilien Anlagen AG
Investor Relations
Florian Nowotny
Claudia Hainz
Tel.: +43/1/532 59 07-593
eMail: ir@caimmoag.com
www.caimmoag.com

Branche: Real Estate
ISIN: AT0000641352
WKN: 064135
Index: Immobilien-ATX
Börsen: Wien / official market

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