on TAG Tegernsee Immobilien U. Beteiligungs AG (isin : DE0008303504)
TAG Immobilien AG Successfully Issues 5.5-Year Benchmark Bond
TAG Immobilien AG has announced the successful placement of an unsecured, fixed-rate corporate bond worth EUR 500m. This bond has a 5.5-year term and carries a coupon rate of 4.25% per annum. The issuance, part of TAG's Debt Issuance Programme, saw high demand with nearly five times oversubscription, reflecting strong investor interest in the company's business model.
The funds raised will be directed towards general corporate purposes, including expanding the Polish rental portfolio, refinancing expiring liabilities, and bolstering investment grade ratings. Martin Thiel, CFO and Co-CEO of TAG, highlighted the significance of the bond issue for diversifying the company's financing sources and strengthening investor trust.
The transaction was managed by BofA Securities, Deutsche Bank, J.P. Morgan, and Société Générale as joint bookrunners.
R. P.
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