Peach Property Group AG

EQS-Adhoc: Peach Property Group with full placement of its hybrid convertible bond in the amount of CHF 59 million

EQS Group-Ad-hoc: Peach Property Group AG  / Key word(s): Bond
Peach Property Group with full placement of its hybrid convertible bond in the
amount of CHF 59 million

02-Oct-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Press release

Peach Property Group with full placement of its hybrid convertible bond in the
amount of CHF 59 million

- Recently topped-up hybrid convertible bond fully subscribed at the end of the
subscription period due to strong demand

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

- Further acquisitions being prepared

Zurich, 2 October 2017 - Peach Property Group, an investor specialising in the
management of residential property in Germany, has fully placed its hybrid
convertible bond (ISIN 38195225/CH0381952255) at the end of the shareholders'
pre-subscription period (noon CET, 29 September 2017) with a volume of CHF 59
million. Both existing shareholders and other investors have shown great
interest in subscribing for the bond, with the result that Peach Property Group
topped up the target volume of the convertible bond from CHF 25 million to CHF
59 million during the subscription period.

The listing on the SIX Swiss Exchange has been submitted and provisional
admission is intended for 4 October 2017. Peach Property Group will use the
proceeds from the hybrid convertible bond to further expand its portfolio in
line with the corporate strategy. The funds will also be applied towards
repaying existing liabilities.

The hybrid convertible bond has an indefinite term and may be terminated by
Peach Property Group AG no earlier than as of 30 September 2022. Until this
date, the interest coupon is 3.00 percent per annum; 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.

Dr. Thomas Wolfensberger, CEO of Peach Property Group, comments: "The full
placement of our hybrid convertible bond shows that our business model and the
chosen form of financing measure touch the nerve of the investors. With this
measure together with the Konsortialkredit announced in July, we will receive
additional funds of up to approximately CHF 125 million. These proceeds enable
us to drive the expansion of the portfolio even more consistently and to respond
more quickly to opportunities of the market. We are already known as an
extremely reliable partner in transactions and with the additional funds we are
building on these basic values in order to expand our portfolio rapidly in line
with the corporate strategy."


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,



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


614865  02-Oct-2017 CET/CEST

Weitere Meldungen: Peach Property Group AG

Das könnte Sie auch interessieren: