DGAP-News: CPI PROPERTY GROUP - Hong Kong Dollar bond and Schuldschein repayment

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CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income generating real estate in the Czech Republic, Berlin and the CEE region, announces the issuance of HKD 250 million (about EUR 30 million) of bonds maturing in 2030 along with the repayment of EUR 49 million of schuldschein maturing in 2025.

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Friday, February 14, 2020 - 5:02pm
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  • CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income generating real estate in the Czech Republic, Berlin and the CEE region, announces the issuance of HKD 250 million (about EUR 30 million) of bonds maturing in 2030 along with the repayment of EUR 49 million of schuldschein maturing in 2025.
  • The schuldschein maturing in 2025 carry a floating coupon currently equivalent to 1.9% and will be repaid at par on the next coupon payment date in March 2020.
  • The HKD bonds maturing in 2030 were fully hedged to Euros at a fixed rate of less than 1.7%.
  • For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
    For further information please contact:



DGAP-News: CPI PROPERTY GROUP

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CPI PROPERTY GROUP - Hong Kong Dollar bond and Schuldschein repayment

14.02.2020 / 17:50

The issuer is solely responsible for the content of this announcement.


CPI PROPERTY GROUP

(société anonyme)

40, rue de la Vallée

L-2661 Luxembourg

R.C.S. Luxembourg: B 102 254


PRESS RELEASE

Luxembourg, 14 February 2020

CPI PROPERTY GROUP - Hong Kong Dollar bond and Schuldschein repayment


CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income generating real estate in the Czech Republic, Berlin and the CEE region, announces the issuance of HKD 250 million (about EUR 30 million) of bonds maturing in 2030 along with the repayment of EUR 49 million of schuldschein maturing in 2025.

The schuldschein maturing in 2025 carry a floating coupon currently equivalent to 1.9% and will be repaid at par on the next coupon payment date in March 2020. The HKD bonds maturing in 2030 were fully hedged to Euros at a fixed rate of less than 1.7%. Notably, this HKD transaction represents the second time that CPIPG has placed 10-year bonds with investors in Asia; the Group also completed a 10-year bond in Japanese Yen during 2018.

"These transactions have a small but positive effect on CPIPG's debt portfolio," said David Greenbaum, CFO of CPIPG. "We appreciate the continued support of our investors from Asia and the schuldschein market and CPIPG intends to maintain access to these funding channels going forward."

The HKD 250 million bonds were issued on 13 February 2020, are listed on the Main Market of the Irish Stock Exchange plc (trading as Euronext Dublin) and are accepted for clearance through Euroclear and Clearstream, Luxembourg. The bonds are rated Baa2 (stable) by Moody's and BBB (stable) by Standard & Poor's. The ISIN code for the HKD bonds is XS2117757182 and the Common Code is ‪2117757182. The base prospectus, supplements to the base prospectus and the final terms for the HKD bonds are available at the website of the Company (‪www.cpipg.com).

For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com

For further information please contact:

INVESTORS

CPI PROPERTY GROUP

David Greenbaum

Chief Financial Officer

d.greenbaum@cpipg.com

CPI PROPERTY GROUP

Joe Weaver

Director of Capital Markets

j.weaver@cpipg.com

MEDIA/PR

Kirchhoff Consult AG

Andreas Friedemann

Borselstraße 20

22765 Hamburg

T +49 40 60 91 86 50

F +49 40 60 91 86 60

E andreas.friedemann@kirchhoff.de




14.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: CPI PROPERTY GROUP
40, rue de la Vallée
L-2661 Luxembourg
Luxemburg
Phone: +352 264 767 1
Fax: +352 264 767 67
E-mail: contact@cpipg.com
Internet: www.cpipg.com
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
EQS News ID: 976013



 
End of News DGAP News Service

976013  14.02.2020 

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