Grand City Properties S.A. launches an exchange offer with 15% tender option to the holders of certain perpetual notes
Source: EQS
Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 Luxembourg, Under the Offer, holders of the Existing Perpetual Notes with the ISIN code XS1491364953 and a current coupon of 6.332% and the ISIN code XS1811181566 and a current coupon of 5.901% are invited to exchange their instruments into newly issued undated subordinated notes with a coupon of 6.125% and a term of 6 years until the first reset date. The new notes are expected to be rated BBB- by The offer period will start on The new undated subordinated notes will be issued by a subsidiary of the Company, Grand City Properties Finance S.à r.l. and will be unconditionally and irrevocably guaranteed on a subordinated basis by the Company and will rank pari passu with all other subordinated notes issued or guaranteed the Company. The newly issued undated subordinated notes shall be listed on the official list of the The Offer is subject to certain conditions. The details of the Offer will be made available in an Exchange and Tender Offer Memorandum. Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | LU0775917882, LU0775917882 , XS1491364953, XS1811181566, XS2271225281, XS1220083551, XS1654229373, XS1706939904, XS1706939904, XS1763144604, XS1781401085, CH0401956872, XS1827041564, XS1851265527, XS1953786222, XS1964638446, CH0482172415, XS2016885159, XS2033380820, XS2035328223, XS2154325562, XS2282101539, |
Category Code: | MSCL |
TIDM: | IRSH |
LEI Code: | 5299002QLUYKK2WBMB18 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 312911 |
EQS News ID: | 1871013 |
End of Announcement |
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