IMMOFINANZ Convertible Bond 2017–2024

The CB 2024 (Convertible Bond 2017–2024) has a full dividend protection through adjustment to the conversion price.

Overview of the IMMOFINANZ CB 2024

As of 7 December 2021

Issuer

IMMOFINANZ AG

Volume at present

€ 294,500,0001

Interest rate

1.5% payable semi-annually in arrear on 24 January and 24 July of each year, commencing on 24 July 2017.

IMMOFINANZ received an investment grade rating (BBB-, stable outlook) from S&P Global Ratings on 22 January 2019. In accordance with the terms of the bond, the coupon was reduced by 50 basis points from originally 2.0%2 to now 1.5% beginning with the interest rate period that started on 24 January 2019. 

Term

24 January 2017 - 24 January 2024

Investor Put Date

24 January 2022 (5 years) at par plus accrued interest

1 EUR 2.7 mill. volume are held by the issuer and therefore excluded
2 Coupon reduction of 50 basis points to 1.5% since receipt of investment grade rating (starting with the interest rate period on 24 January 2019)

Denomination

€ 100,000

Repayment amount

€ 100,000

Listing

Vienna Stock Exchange, Third Market

ISIN

XS1551932046

Conversion Price

€ 18.8987

Conversion period

Bondholder can exercise their conversion rights beginning on 06 March 2017 until 10 January 2024 (subject to certain customary excluded periods) by executing a conversion notice provided by the conversion agent (principal conversion agent: BNP Paribas Securities Services, Luxembourg).