A team led by Dr. Thorsten Kuthe, Partner at Heuking Kühn Lüer Wojtek, advised PANDION AG on placing its 2021/2026 corporate bond. Due to high demand, the issue volume was increased to EUR 45 million.
The bond, this year’s first issue in this segment, met with high demand from institutional and private investors and was significantly oversubscribed.
Cologne-based PANDION AG has been developing, realizing and marketing high-quality residential projects since 2002. The owner-managed real estate company develops properties at its main site as well as in Bonn, Düsseldorf, Mainz, Munich, Berlin, and Stuttgart. Since 2014, the company has also been developing large-volume office properties. PANDION employs some 190 people at its Cologne, Munich, Berlin, and Stuttgart sites.
IKB Deutsche Industriebank AG acted as sole lead manager and IR.on AG as communications adviser on the transaction.
Counsel to PANDION AG
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead, Capital Markets),
Anna Richter, LL.M. (all Capital Markets), all Cologne