Contact

Dr. Rolf-Dieter Grass
Head of Capital Markets

Tel: +49 30 2000 914 29
Mobil: +49 172 386 255 8
Fax: +49 30 639 6192 28
r.grass@adler-ag.com

  • Considerable oversubscription
  • Tap volume increased by 50% to EUR 150 million
  • Placement at significant premium of 104.4% to par

Berlin, den 10 April 2017 – ADLER Real Estate Aktiengesellschaft has successfully placed the tap of its EUR 350 million 4.75% corporate bond 2015/2020 (;). Due to a considerable oversubscription the tap was increased from the targeted EUR 100 million to EUR 150 million, bringing the total bond 2015/2020 volume to EUR 500 million. The tap was placed at 104.4% to par corresponding to a yield of 2.5% which represented the lower end of the price range.

Arndt Krienen, CEO of ADLER Real Estate AG commented: “We are very happy with this outcome, the oversubscription clearly shows how much trust ADLER Real Estate has gained in the capital markets.”

Despite the increase of the tap volume over the initial target ADLER maintains its guided target of reaching an LTV of 55% by the end of 2017.