<

ADO PROPERTIES S.A. (FRA:LU125015) ADO Properties S.A.: ADO Properties S.A. successfully places a EUR 400 million 5-year bond to refinance existing debt

Transparency directive : regulatory news

29/07/2020 19:45

DGAP-News: ADO Properties S.A. / Key word(s): Bond
ADO Properties S.A.: ADO Properties S.A. successfully places a EUR 400 million 5-year bond to refinance existing debt

29.07.2020 / 19:45
The issuer is solely responsible for the content of this announcement.


ADO Properties S.A. successfully places a EUR 400 million 5-year bond to refinance existing debt

- Single tranche due August 2025 with a coupon of 3.25%

- New issue successfully oversubscribed

- Proceeds will be used to further extend debt maturity profile

Berlin, 29 July 2020 - ADO Properties S.A. ("ADO") today successfully placed EUR 400 million fixed rate senior unsecured notes (the "Notes") with a 5-year maturity and a 3.25% fixed coupon. The Notes were placed with institutional investors across Europe with the order book successfully oversubscribed.

The proceeds of the issue of the Notes will be used to repay existing short-dated indebtedness and hence further extends ADO's average debt maturity.

The Notes are rated BB+ with S&P, driven by the strong recovery rating of the bonds and influenced by ADO's valuable asset base.

The Notes have a denomination of EUR 100,000 each and will be listed on the Euro MTF of the Luxembourg Stock Exchange. J.P. Morgan acted as Sole Global Coordinator and Barclays, Deutsche Bank and J.P. Morgan acted as Joint Bookrunners and Santander and Natixis as Co-Managers on the transaction.
 

Investor Relations:

T +352 278 456 710
F +352 203 015 00
E ir@ado.properties

Media Relations:

Finsbury
Gordon Simpson
E Gordon.Simpson@finsbury.com
Ed Simpkins
E Edward.Simpkins@finsbury.com
T +44 207 251 3801

Hering Schuppener
Christian Falkowski
E cfalkowski@heringschuppener.com
T +49 69 92 18 74 64



29.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: ADO Properties S.A.
1B Heienhaff
1736 Senningerberg
Luxemburg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: ir@ado.properties
Internet: www.ado.properties
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
EQS News ID: 1105589

 
End of News DGAP News Service

1105589  29.07.2020 

fncls.ssp?fn=show_t_gif&application_id=1105589&application_name=news&site_id=symex


Other stories

28/03/2024 20:19
28/03/2024 18:06
28/03/2024 23:45
28/03/2024 16:58
28/03/2024 16:56
29/03/2024 00:02
28/03/2024 22:37
28/03/2024 22:17
29/03/2024 00:59
28/03/2024 17:17
28/03/2024 19:33
28/03/2024 22:03
28/03/2024 22:21
28/03/2024 21:27
29/03/2024 00:59
28/03/2024 23:13
28/03/2024 17:01
28/03/2024 09:59
27/03/2024 15:52
27/03/2024 17:52
27/03/2024 17:30
28/03/2024 09:00
28/03/2024 21:31
28/03/2024 19:00
28/03/2024 18:05
28/03/2024 17:45
29/03/2024 00:37
29/03/2024 00:17
28/03/2024 13:34
28/03/2024 17:34
27/03/2024 15:13
27/03/2024 21:46
27/03/2024 13:40
28/03/2024 17:23
28/03/2024 17:47
28/03/2024 13:25
29/03/2024 00:01
28/03/2024 11:40