The CB 2024 (Convertible Bond 2017–2024) has a full dividend protection through adjustment to the conversion price.
Volume at present
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.
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)
Vienna Stock Exchange, Third Market
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).