February 2018

CHSH advises S IMMO AG on EUR 150 million bond issuance

CHSH Cerha Hempel Spiegelfeld Hlawati has advised S IMMO AG, which is listed on the Vienna stock exchange, in connection with the issuance of two fixed-coupon bonds with a total volume of EUR 150 million with terms to maturity of six and twelve years. CHSH prepared the prospectus for the issuance and advised the issuer during the transaction.

S IMMO AG issued the bonds with a volume of EUR 100 million in the six-year tranche and with a volume of EUR 50 million in the twelve-year tranche. During bookbuilding on 30 January 2018, the coupon for the six-year fixed-interest bond was set at 1.75 per cent per annum, whereas the coupon for the twelve-year fixed-interest bond was set at 2.875 per cent per annum.

The bonds with a denomination of EUR 500 each can be subscribed by private investors in Austria and Germany.

The team at CHSH consisted of partner Dr. Volker Glas, attorney MMag. Christian Aichinger and associate Michael Soukup.