TAG Immobilien AG issued a corporate bond in the amount of €125 million through a private placement with institutional investors. The bond matures on 25 June 2020, pays a coupon of 3.75%, and is traded in the Open Market, the Entry Standard of the Frankfurt Stock Exchange, with participation in the Prime Standard for corporate bonds.
The proceeds from the bond will primarily be used to finance TAG's continued growth, as the current market situation offers various opportunities for doing so. By issuing the bond, the Company creates further advantages for acting flexibly and at short notice.
Close Brothers Seydler Bank AG, Frankfurt am Main, is the sole global coordinator and sole bookrunner for the transaction / placement.
Source: TAG Immobillien