03-05-2013News

ESTAVIS AG places another bond issue with Heuking Kühn Lüer Wojtek

ESTAVIS AG recently placed a EUR 10 million bond issue. The international private placement transaction was exclusively offered to institutional investors. The offering had been oversubscribed already at opening. The coupon rate of the one-year bonds is 11%. The corporation was legally advised again by Heuking Kühn Lüer Wojtek, with Cologne-based partner Dr. Thorsten Kuthe and lawyer Sarah Winkel.
 
The proceeds of the issue will primarily be used to finance the acquisition of a real estate portfolio in Berlin, which will mark yet another significant step forward in ESTAVIS AG's expansion strategy.
 
ESTAVIS AG is a publicly listed real estate company focusing on residential properties. Through its nationwide purchasing network, ESTAVIS AG identifies residential portfolios with high value-added potential and uses its management expertise to harness this po-tential efficiently. In addition to regular cash flows generated from its real estate holdings, ESTAVIS delivers investment returns through privatization gains. The real-estate com-pany is headquartered in Berlin and is listed in Frankfurt Stock Exchange's Prime Stand-ard (WKN: A0KFKB).
 
ESTAVIS has been advised by Heuking Kühn Lüer Wojtek regularly since 2007, most recently at a cash and in-kind capital increase at the beginning of 2013.
 
Counsel to ESTAVIS AG
Heuking Kühn Lüer Wojtek, Cologne:

Dr. Thorsten Kuthe,
Sarah Winkel, LL.M. (both Capital Market Law).

Download as PDF

Contact persons

You are currently using an outdated and no longer supported browser (Internet Explorer). To ensure the best user experience and save you from possible problems, we recommend that you use a more modern browser.