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
value as of
31 12 2022
in TEUR

Repurchases/
redemptions/
conversions/
new issues
2022 in TEUR

Nominal
value as of
31 03 2023
in TEU

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.

image

Corporate Bond 2020-2027

IMMOFINANZ AG successfully placed a fixed rate senior unsecured notes on 8 October 2020. Details on the bond can be found here: