IMMOFINANZ Subordinated Mandatory Convertible Bond 2020–2023

The subordinated MCB 2023 (Mandatory Convertible Bond 2020–2023) has a full dilution and dividend protection through adjustment of the conversion price.

As of 23 July 2020

Issuer

IMMOFINANZ AG

Principle Amount

€ 120,000,000

Interest rate

4.0% p. a. payable semi-annually in arrear on 23 January and 23 July of each year, commencing on 23 January 2021

Term

23 July 2020 - 23 July 2023

Denomination

€ 100,000

Mandatory Conversion

At the latest, 10 business days prior to maturity date mandatory conversion into ordinary shares of the Issuer unless earlier converted at the option of bondholders or Issuer as defined in the terms and conditions

Equity Treatment

Except the net present value of the future interest payments, full equity treatment according to IFRS and rating methodology of Standard & Poor’s

Listing

Vienna Stock Exchange, Third Market

ISIN

AT0000A2HPN2

Conversion Price

€17.1472

Conversion Period

Bondholders can exercise their conversion rights from 2 September 2020 until 10 July 2023 (afterwards mandatory conversion) by executing a conversion notice provided by the conversion agent (principal conversion agent: Erste Group Bank AG).