Bonds: a central financing instrument
IMMOFINANZ uses bonds as part of its balanced approach to debt financing. The capital raised through our bonds is used for specific projects, to strengthen our portfolio or to enter new and promising markets. You can find more detailed information on our current bonds here.
IMMOFINANZ acquired an investment of roughly 26.5% (19,499,437 shares) in S IMMO during 2018 and increased its holding through the purchase of 17,305,012 shares at the end of December 2022. This transaction gave IMMOFINANZ a majority investment of 50% plus one share in S IMMO, and the company was therefore included through full consolidation in IMMOFINANZ’s consolidated financial statements since 31 December 2022.
Bonds issued by the IMMOFINANZ Group
The following table lists the outstanding nominal value of the IMMOFINANZ Group bonds (IMMOFINANZ including S IMMO) as of 31 March 2023:
Bonds | ISIN | Maturity | Coupon in % | Nominal | Repurchases/ | Nominal |
|---|---|---|---|---|---|---|
Corporate bond | XS1935128956 | 27 01 2023 | n. a. | 187,100 | -187,100 | 0 |
Corporate bond | XS2243564478 | 15 10 2027 | 2.50 | 237,800 | 0 | 237,800 |
IMMOFINANZ | 2.501 | 424,900 | -187,100 | 237,800 | ||
Corporate bond | AT0000A2UVR4 | 11 01 2027 | 1.25 | 25,059 | n. a. | 25,059 |
Corporate bond | AT0000A2MKW4 | 04 02 2028 | 1.75 | 70,450 | n. a. | 70,450 |
Corporate bond | AT0000A2AEA8 | 15 10 2029 | 2.00 | 100,000 | n. a. | 100,000 |
Corporate bond | AT0000A285H4 | 22 05 2026 | 1.88 | 150,000 | n. a. | 150,000 |
Corporate bond | AT0000A1Z9D9 | 06 02 2024 | 1.75 | 100,000 | n. a. | 100,000 |
Corporate bond | AT0000A1Z9C1 | 06 02 2030 | 2.88 | 50,000 | n. a. | 50,000 |
Corporate bond | AT0000A1DWK5 | 21 04 2027 | 3.25 | 34,199 | n. a. | 34,199 |
Corporate bond | AT0000A1DBM5 | 09 04 2025 | 3.25 | 15,890 | n. a. | 15,890 |
S IMMO | 2.051 | 545,597 | 545,597 | |||
IMMOFINANZ Group | 2.191 | 970,497 | 783,397 |
1 Weighted coupon in % based on the nominal value as of 31 March 2023
Update on the IMMOFINANZ bonds
The outstanding nominal value of the bonds issued by IMMOFINANZ (excluding S IMMO) was significantly reduced to EUR 237.8 million by the repayment of the corporate bond 2019–2023 (31 December 2022: EUR 424.9 million).
IMMOFINANZ terminated its individual rating from S&P Global Ratings for efficiency reasons in March 2023 due to its group affiliation with CPI Property Group.
Corporate Bond 2020-2027
