EQS-News: DEMIRE AG announces a further buy back of a portion of its 1.875% Senior Notes 2019/2024

Freitag, 21.04.2023 07:30 von DGAP - Aufrufe: 211

EQS-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Bond DEMIRE AG announces a further buy back of a portion of its 1.875% Senior Notes 2019/2024 21.04.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement.


DEMIRE AG announces a further buy back of a portion of its 1.875% Senior Notes 2019/2024

Not for publication or distribution in the United States, Australia, Canada, Japan or South Africa

International Securities Identification Number (ISIN) of the Senior Notes: DE000A2YPAK1

Langen, 21 April 2023 – DEMIRE Deutsche Mittelstand Real Estate AG (“DEMIRE”) has successfully completed the repurchase of EUR 51 million nominal of its 1.875% senior notes due in October 2024 traded at the Euro MTF market in Luxembourg. The repurchase is part of DEMIRE’s ongoing liquidity management programme and took place after an initial repurchase of EUR 50 million nominal in November 2022. The nominal value of the bond 2019/24 outstanding to non-group creditors will be reduced to EUR 499 million as a result of the buyback.

About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE – REALize Potential

DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and up-and-coming locations bordering metropolitan areas across German. The Company's particular strength lies in realising the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants. As of 31 December 2022, DEMIRE's portfolio contains of 62 assets with lettable space totalling about 0.9 million sqm. Including the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to so approximately EUR 1.6 billion.

The portfolio's focus on office properties with a blend of retail, hotel and logistics properties results in a return / risk structure that is appropriate for the commercial real estate segment. The Company places importance on long-term contracts with solvent tenants and the realisation of the properties' potential. DEMIRE anticipates continued stable and sustainable rental income along with solid value appreciation.

DEMIRE Deutsche Mittelstand Real Estate AG shares (ISIN: DE000A0XFSF0) are listed in the Regulated Market (Prime Standard segment) of the Frankfurt Stock Exchange.

Contact: Julius Stinauer Head of Investor Relations & Corporate Finance DEMIRE Deutsche Mittelstand Real Estate AG Telefon: +49 6103 372 4944 Email: stinauer@demire.ag

21.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com


Language: English
Company: DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
63225 Langen (Hessen)
Germany
Phone: +49 6103 37249-0
Fax: +49 6103 37249-11
E-mail: ir@demire.ag
Internet: www.demire.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1613321
 
End of News EQS News Service

1613321  21.04.2023 CET/CEST

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