16 02 2018

ACCENTRO calls convertible bond 2014/2019 prior to maturity

Berlin, 16 February 2018 – Berlin-based ACCENTRO Real Estate AG (WKN A0KFKB, ISIN DE000A0KFKB3), a key player in the privatisation of residential property in Germany, has announced that it will call its convertible bond 2014/2019 (WKN A1YC4S, ISIN DE000A1YC4S6), issued in 2014, prior to maturity. The remaining balance of EUR 414,737.50 plus interest accrued will be repaid in full and in accordance with the terms of the bond on 27 March 2018.

ACCENTRO made this decision based on the low remaining principal value of the bonds. With a coupon rate of 6.25 per cent, the convertible bond was the company’s most expensive financial instrument.

Jacopo Mingazzini, CEO of ACCENTRO Real Estate AG, commented: “The transformation measures already implemented in 2018 and the early termination of the convertible bond, which had a relatively high coupon rate of 6.25 per cent, will allow us to optimise our financial structure and our equity ratio, thus contributing to the positive development of ACCENTRO.”

Today, ACCENTRO enjoys financial flexibility that will help the company continue to grow. It announced on 24 January 2018 that a corporate bond in the amount of EUR 100 million had been successfully placed within a few hours. The company is currently reviewing acquisition opportunities in Germany’s metropolitan regions in order to expand its privatisation portfolio.

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a listed company and key player in the residential property privatisation market in Germany. It generates additional revenue through portfolio sales and the marketing of residential properties for institutional investors and project developers. In addition to its home market of Berlin, the company also places a focus on the metropolitan regions of Hamburg, Cologne, Düsseldorf and the Rhine-Main area.  Markets like Leipzig, Hanover and Bonn also attest to ACCENTRO’s considerable potential for growth. ACCENTRO Real Estate AG is listed in the Prime Standard of the Frankfurt Stock Exchange (WKN A0KFKB, ISIN DE000A0KFKB3).

IR contact

Nicole Birth
Uhlandstr. 165, 10719 Berlin, Germany
Tel.: +49 (0)30 – 887 181 10
Fax: +49 (0)30 – 887 181 11