Strong investor demand with a high-quality order book that is more than 5 times oversubscribed at final conditions
CA Immo (“the Company”) has successfully issued a EUR 300 million fixed-yield non-subordinated unsecured green bond with a maturity of 3 years and an annual coupon of 3.5%. The issue was more than 5 times oversubscribed at the final terms with strong demand from around 70 investors.
The admission of the bond to official trading on the Vienna Stock Exchange is being applied for. The international rating agency Moody’s rates the bond with an investment grade rating of Baa3.
The Company intends to use the expected net proceeds to finance or refinance a portfolio of eligible projects as defined in the April 2024 Green Financing Framework.
Dr Andreas Schillhofer, CFO of CA Immo: “This latest transaction once again confirms CA Immo’s strong access to the capital markets for unsecured green financing and underlines our financial solidity. In a volatile market environment, we have successfully demonstrated that we opportunistically exploit attractive time windows for unsecured financing. Among other things, we will use the proceeds from the issue to refinance the bond maturing in February 2027, thus further improving our maturity profile. A solid balance sheet, conservative debt and our investment grade rating form the foundation for the consistent implementation of our Prime Office strategy in Germany, with the largest project Upbeat shortly before handover to the tenant, two fully let development projects under construction and two further projects in planning, each developed according to strict sustainability criteria.”
The transaction was advised by Crédit Agricole CIB, Deutsche Bank, Erste Group and UniCredit as Joint Lead Managers and Joint Bookrunners.
The approval of the prospectus by the FMA is not to be understood as an endorsement of the securities offered. Only the information in the prospectus is binding. Potential investors should read the prospectus before making any investment decision to fully understand the potential risks and rewards of the decision to invest in the securities. In particular, potential investors should weigh up the risk factors contained in the prospectus and not base their investment decision on this advertisement. An investment in securities of CA Immobilien Anlagen AG is associated with high risks, in particular the risk of total loss of the capital invested.
The information contained in this announcement is for informational purposes only. No reliance should be placed on the information contained in this announcement, its accuracy or completeness for any purpose. The distribution of this announcement and the offer and sale of securities referred to herein may be subject to legal restrictions in certain jurisdictions and persons reading this announcement should inform themselves of and comply with such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.
Any offer of securities to the public referred to in this announcement in an EEA Member State and the United Kingdom of Great Britain and Northern Ireland has been (i) directed exclusively at qualified investors (within the meaning of the Prospectus Regulations) in that Member State or the Public Offers and Admissions to Trading Regulations 2024 (“POATRs”) in the United Kingdom, in accordance with applicable securities regulations (whereby persons, persons which acquires securities for the first time or to which an offer of securities is made, and, where applicable, funds on whose behalf such person acquires the securities, which are resident in a Member State or in the United Kingdom, have represented, acknowledged and agreed that they are a qualified investor) and (ii) as a public offer by CA Immo in respect of the acquisition or subscription of the securities offered solely by way of and on the basis of the securities prospectus (“Prospectus”) approved by the Austrian Financial Market Authority (“FMA”), which was published in the prescribed form after approval by the FMA, including any pricing notices and supplements thereto or other related supplements (together with the Prospectus, the “Offer Documents”). The offer documents are available for download and inspection in electronic form on the website of CA Immo (www.caimmo.com/de/investor-relations/anleihen/). Before making an investment decision, investors should familiarise themselves with the content of the prospectus, in particular with the information on risks, taxes and conflicts of interest, and should seek detailed professional advice in person, taking into account their personal assets and investment situation. Investors are therefore advised to read the prospectus before making any investment decision in order to fully understand the potential risks and opportunities of the decision to invest in the securities. An investment in securities is subject to risks. Investors bear the credit risk of the issuer. In the event of the Issuer’s insolvency and/or liquidation, amounts payable on interest and/or capital may be lower; a total loss of the capital invested is also possible in these cases. This announcement does not constitute a recommendation with respect to the investment in these securities. Investors should consult a professional advisor on the question of the suitability of the offer to them.
This announcement is only directed at (i) persons who are located outside the United Kingdom of Great Britain and Northern Ireland or (ii) investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “Order”) and (iii) high net worth entities and other persons to whom this may be notified by law; which are respectively covered by Article 49(2)(a) to (d) of the Regulation (all persons referred to in (i), (ii) and (iii) are collectively referred to as “Relevant Persons”). Any investment activity referred to in this announcement is only available to and will only be carried out with Relevant Persons. Any person who is not a Relevant Person should not act on or rely on this document.
This announcement is not intended for publication, announcement or distribution, either directly or indirectly, in the United States of America. This announcement does not constitute an offer or form part of such an offer or the solicitation of an offer to buy or subscribe for securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered in the United States of America or for the account or benefit of U.S. persons (as defined in Regulation S under the Securities Act) except in accordance with an exemption from the registration requirements of the Securities Act. No public offering of securities will be made in the United States of America. MiFID II Target market: Retail investors, eligible counterparties and professional clients (distribution channels: advisory business, pure execution business, non-advisory business and asset management). No PRIIP Key Information Document (KID) has been prepared. No sale to UK retail investors. A rating of securities is not a recommendation to buy, sell or hold securities. Ratings can be revised or withdrawn at any time and each rating should be rated independently of any other rating. The information contained in this announcement may not be published, disclosed or disseminated, directly or indirectly, in, to, or to any person in the United States of America, Australia, Canada, South Africa, Japan, Singapore, or any other jurisdiction in which the publication, announcement or distribution of this announcement may be unlawful.
None of the Joint Lead Managers or any of their respective directors, officers, employees, consultants or agents assumes any responsibility or liability for the accuracy and completeness or makes any representation or warranty, express or implied, as to the accuracy and completeness of the information in this announcement, or for any other information relating to the Company or any of its subsidiaries or affiliates. company (whether written, oral or in visual or electronic form, and however transmitted or made available) or for any loss of any kind arising out of the use of this announcement or its contents or otherwise in connection therewith. In connection with the issuance of the Securities, the Joint Lead Managers and their affiliates, acting as investors for their own accounts, may subscribe for or buy the securities of the Company and, in that capacity, hold, buy, sell, offer or otherwise sell the securities of the Company for their own accounts with such securities and other securities of the Company or related investments in connection with this securities offering or otherwise act. The Joint Lead Managers do not intend to disclose the size of any such investment or transaction unless they are in line with legal or regulatory obligations.
