Peach Property Group AG

EQS-Adhoc: Peach Property Group issues CHF 25 million hybrid convertible bond to support its further growth

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Bond
Peach Property Group issues CHF 25 million hybrid convertible bond to support
its further growth

18-Sep-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR

Press release

Peach Property Group issues CHF 25 million hybrid convertible bond to support
its further growth

- Hybrid convertible bond with a volume of CHF 25 million with option to
increase to CHF 59 million

- Coupon fixed at 3.00 percent p.a. until 30 September 2022

- Conversion price of CHF 29.50 (corresponding to a premium of around 20 percent
on the weighted average of the last 30 days)

- Proceeds to be used for portfolio expansion and repayment of liabilities

Zurich, 18 September 2017 - Peach Property Group, an investor specialising in
the management of residential property in Germany, today announced the issuance
of a subordinated hybrid convertible bond (ISIN 38195225 / CH0381952255), making
it the first Swiss company to issue a listed hybrid convertible bond. The target
volume for the hybrid convertible bond is CHF 25 million. In the event of
greater demand, the Company reserves the right to increase the volume to a
maximum of CHF 59 million. Shareholders of the company can subscribe for the
hybrid convertible bond between 18 September and 29 September 2017, 12 noon
(CET), exercising an advance subscription right. Unsubscribed hybrid convertible
notes will be offered to further interested shareholders and other investors in
a bookbuilding process.

The hybrid bond has an unlimited term, and may not be terminated by Peach
Property Group until 30 September 2022. Up until that date, the bond will have a
coupon of 3 percent p.a.; after that, the annual interest rate will be
equivalent to the 3-month LIBOR rate plus 9.25 percent. The hybrid convertible
bond can be converted into registered shares of Peach Property Group AG (ISIN
11853036 / CH0118530366) at a conversion price of CHF 29.50 at any time between
16 October 2017 and 30 December 2020. The conversion price represents a premium
of around 20 percent on the weighted average of the last 30 days

Application to list the hybrid convertible bond on the SIX Swiss Exchange has
been made; provisional admission is planned for 4 October 2017. The prospectus
including all details can be found on the Peach Property Group AG's Web site Bank J. Safra Sarasin Bank AG is acting as the
paying and conversion agent, Niederer Kraft & Frey AG (NKF) as legal counsel and
official listing agent.

The proceeds from the hybrid convertible bond will be used to further expand
Peach Property Group's property portfolio in line with the corporate strategy
and to pay back existing liabilities. As a real estate investor focusing on
Germany's residential sector, Peach Property Group has built up a portfolio of
high-yield properties in B-cities in recent years, focusing mainly on North
Rhine-Westphalia, Rhineland Palatinate and North Hesse. In the current year
alone, almost 1,500 residential units have been added to the portfolio, which
now comprises around 4,600 apartments. Further acquisitions are being prepared.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: "By issuing
this hybrid convertible bond we are consistently pursuing our policy of
expansion. We believe that the combination of an attractive coupon and the
conversion price is very attractive for investors. The proceeds of the
transaction will allow us to react faster to opportunities that arise in the
market and continuously build up our property portfolio. The bond issue will
also strengthen our equity base."


Media, investors and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer und Dr. Marcel Kucher, Chief
Financial Officer
+41 44 485 50 00 |

Media Germany

edicto GmbH, Axel Mühlhaus, Peggy Kropmanns
+49 (0) 69 90 55 05 52 |

About Peach Property Group AG

Peach Property Group is a property investor and developer focused on investments
in Germany and Switzerland. The Group stands for long time experience,
competence and quality. Innovative solutions for modern housing needs, strong
partnerships and a wide value chain complete the profile of the Group. The
portfolio consists of an increasing number of high yield investment properties,
typically in B-cities in close reach to metropolitan areas. In addition, the
Group develops properties for its own portfolio or for the sale as condominium.
Developments for sale focus on A-locations and encompass attractive architecture
and high level furnishing for an international clientele. The business
activities of the Group cover the entire value chain, from property acquisition
and site selection to active asset management and finally to the sale or lease
of properties.

Peach Property Group AG is headquartered in Zurich and has its German Group
headquarters in Cologne. Peach Property Group AG is listed on the SIX Swiss
Exchange (PEAN, ISIN CH0118530366). Its Board of Directors consists of Reto
Garzetti (President), Peter Bodmer and Dr. Christian De Prati.

For more information,

Important information

This document does not contain or constitute an offer of, or the solicitation of
an offer to buy or subscribe for, securities to any person in the European
Union, Australia, Canada, Japan, or the United States or in any jurisdiction to
whom or in which such offer or solicitation is unlawful. The securities referred
to herein may not be offered or sold in the United States absent registration
under the U.S. Securities Act of 1933, as amended (the "Securities Act") or
another exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. Subject to certain exceptions, the
securities referred to herein may not be offered or sold in the EU, Australia,
Canada or Japan or to, or for the account or benefit of, any national, resident
or citizen of Australia, Canada or Japan. The offer and sale of the securities
referred to herein has not been and will not be registered under the Securities
Act or under the applicable securities laws of the EU, Australia, Canada or
Japan. There will be no public offer of the securities in the United States.

In the United Kingdom, this document is only being distributed to and is only
directed at persons who (i) are investment professionals falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended) (the 'Order') or (ii) are persons falling within Article
49(2)(a) to (d) of the Order (high net worth companies, unincorporated
associations, etc.) (all such persons together being referred to as 'Relevant
Persons'). This document is directed only at Relevant Persons and must not be
acted on or relied on by persons who are not Relevant Persons. Any investment or
investment activity to which this document relates is available only to Relevant
Persons and will be engaged in only with Relevant Persons.

No action has been taken that would permit an offering of the securities or
possession or distribution of this announcement in any jurisdiction where action
for that purpose is required. Persons into whose possession this announcement
comes are required to inform themselves about and to observe any such

If any statements in this document contain forward-looking statements, such
statements do not represent facts and are characterized by the words 'will',
'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar
expressions. Such statements express the intentions, opinions or current
expectations and assumptions of Peach Property Group and the persons acting
together with Peach Property Group. Such forward-looking statements are based on
current plans, estimates and forecasts which Peach Property Group and the
persons acting together with Peach Property Group have made to the best of their
knowledge, but which do not claim to be correct in the future. Forward-looking
statements are subject to risks and uncertainties that are difficult to predict
and usually cannot be influenced by Peach Property Group or the persons acting
together with Peach Property Group. It should be kept in mind that the actual
events or consequences may differ materially from those contained in or
expressed by such forward-looking statements.

The information contained in this announcement is for background purposes only
and does not purport to be full or complete. No reliance may be placed for any
purpose on the information contained in this announcement or its accuracy or
completeness. The information in this announcement is subject to change.

This document does not constitute an issuing prospectus according to Article 652
a and 1156 of the Swiss Code of Obligations, nor does it constitute a listing
prospectus according to Article 27 ff of SIX Swiss Exchange's listing


Additional features:

Document title: Press release
End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Peach Property Group AG

          Seestrasse 346

          8038 Zürich


Phone:    +41 44 485 50 00

Fax:      +41 44 485 50 11


ISIN:     CH0118530366

Valor:    A1C8PJ

Listed:   Regulated Unofficial Market in Berlin, Stuttgart; Open Market (Basic
Board) in Frankfurt; SIX Swiss Exchange


End of Announcement EQS Group News Service


610305  18-Sep-2017 CET/CEST

Weitere Meldungen: Peach Property Group AG

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