InCity Immobilien AG (DB:IC8) announced a private placement of 40,000 partial bonds at a price of €1,000 per shares for gross proceeds of €40,000,000 on November 12, 2018. The transaction will include participation from Haron Holding AG and other institutional investors. The bonds are issued at par. The company will receive €20,000,000 in its first tranche within two weeks. The bonds will have an interest rate of 3% per annum and will have a terms of five years from the interest payment date. The minimum amount to be subscribed by the investor is €100,000 in the transaction. The transaction has been approved by the supervisory board of the management board of the company.