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BRIEF-LEG Immobilien successfully places 400 mln euros convertible bonds
August 29, 2017 / 11:43 AM / in 2 months

BRIEF-LEG Immobilien successfully places 400 mln euros convertible bonds

Aug 29 (Reuters) - LEG IMMOBILIEN AG

* DGAP-ADHOC: LEG IMMOBILIEN AG: SUCCESSFUL PLACEMENT OF EUR 400 MILLION CONVERTIBLE BONDS

* ‍INTENDS TO USE NET PROCEEDS FOR LONG-TERM FINANCING OF ITS RECENTLY EXECUTED AND SIGNED PORTFOLIO ACQUISITIONS

* COUPON WAS SET AT 0.875% PER ANNUM

* INITIAL CONVERSION PRICE OF EUR 118.4692

* BONDS ARE CONVERTIBLE INTO APPROX. 3.4 MILLION NEW AND/OR EXISTING ORDINARY REGISTERED SHARES OF LEG

* ‍SHAREHOLDERS’ PRE-EMPTIVE RIGHTS ARE EXCLUDED​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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