Corporate News

ERWE Immobilien AG: 2019 corporate bond in trading

  • Bond to be admitted on open market at Frankfurt Stock Exchange before end of 2019
  • Issue volume to rise to Euro 20 million
  • Interest of 7.5 percent p.a.
  • Further expansion in real estate portfolio

Frankfurt am Main, 17 December 2019. The first corporate bond to be issued by ERWE Im‐ mobilien AG (ISIN DE000A1X3WX6), Frankfurt am Main, will be admitted for trading on the open market of Deutsche Börse AG (open trading on Frankfurt Stock Exchange) before the end of the current year (ISIN: DE000A255D05 / WKN A255D0). Investors will be able to trade in denominations of 1,000 upwards.

ERWE last week placed an issue volume of Euro 12.5 million with national and international investors. The corporate bond bears interest at 7.5 percent per annum and has a four‐year term. It is due to be increased to up to Euro 20 million in the weeks ahead. "For ERWE Immo‐ bilien AG, this placement represents a first step towards continuous financing on the capital markets", comments Axel Harloff, Executive Director of ERWE Immobilien AG. "Now we can continue work on implementing our strategy and invest the new funds in real estate offering great potential for value growth."

ERWE Immobilien AG focuses on developing a highly profitable commercial real estate portfolio. Its preferred sites involve promising downtown locations in German cities and exclusively prime locations in smaller towns and municipalities. ERWE acquires properties whose potential value growth can be sustainably exploited by introducing new utilisation concepts. This way, the company aims to build a highly profitable and valuable portfolio with substantial revenue growth. ERWE Immobilien AG is listed in the Regulated Market (General Standard) in Frankfurt and in open trading on the stock exchanges in Frankfurt am Main (XETRA), Berlin, Düsseldorf and Stuttgart (ISIN: DE000A1X3WX6).

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Hillermann Consulting e. K.

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20148 Hamburg

20354 Hamburg

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ERWE Immobilien AG published this content on 17 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2019 18:45:08 UTC