August 29, 2017 / 5:58 AM / 2 years ago

BRIEF-LEG Immobilien launches 400 million euros of convertible bonds

Aug 29 (Reuters) - Leg Immobilien Ag

* dgap-adhoc: leg immobilien ag: launch of eur 400 million convertible bond offering

* Says bonds will be convertible into new and/or existing ordinary registered shares of leg

* Says intends to use net proceeds for long-term financing of its recently executed and signed portfolio acquisitions as well as for general corporate purposes

* Says bonds will have a maturity of 8 years and will be issued and, unless previously converted or repurchased and cancelled, redeemed at 100% of their principal amount with a denomination of eur 100,000 per bond

* Says bonds will be offered with a coupon between 0.125% and 0.875% per annum

* Says pricing of offering is expected to take place today following an accelerated bookbuilding process, and settlement is expected to take place on or around september 1, 2017 Source text for Eikon: Further company coverage: (Frankfurt newsroom)

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