SK CZ EN

HB REAVIS ANNOUNCES CZK 1.25 BILLION BOND ISSUE ON CZECH MARKET

Publikované dňa: 26. 5. 2016 13:53 HB REAVIS

International real estate developer HB Reavis has announced the successful completion of its first unsecured CZK 1.25 billion (EUR 46.2 million) bond issue on the Czech capital market. This brings the total funds raised by HB Reavis through the Central European capital markets since November 2013 to almost EUR 150 million.

International real estate developer HB Reavis has announced the successful completion of its first unsecured CZK 1.25 billion (EUR 46.2 million) bond issue on the Czech capital market. This brings the total funds raised by HB Reavis through the Central European capital markets since November 2013 to almost EUR 150 million.

The latest issue was carried out by way of public offer which lasted until 14 April 2016, followed by a private offer to selected institutional investors after HB Reavis reported in its 2015 annual consolidated financial statements a 175% increase in consolidated net profit to EUR 245 million. The full amount of the issue including the increased element was subscribed. Over 71% of the bond issue was subscribed by institutional investors with the balance taken up by private banking clients.

The issue has been listed on the Prague Stock Exchange. The bonds have a floating annual coupon with a spread of 4% above 6M Pribor and mature in March 2021; after swapping the transaction into Euro, it corresponds to 4.86% total fixed interest rate. The unsecured bonds are backed with a HB Reavis Group guarantee and were issued by HB REAVIS Finance CZ s. r. o. The proceeds will be deployed to augment HB Reavis' acquisition and development process.

"Our debut on the Czech capital market was overwhelmingly successful, which again confirmed investors' confidence in HB Reavis' business strategy and financial standing. This issue reinforces
HB Reavis' position as an issuer of unsecured bonds in multiple markets"
, said Marian Herman, CFO at HB Reavis.

The bond issue was managed by UniCredit Bank Czech Republic and Slovakia and Komerční banka (Societe Generale Group).

"Despite that it was an inaugural bond of HB Reavis on the Czech capital market, robustness of its balance sheet and cash flow management in combination with thorough introduction of its business model were key attraction points for investors", said Martin Vinter, Director, Markets, UniCredit Bank.

"Thanks to HB Reavis' professional approach and its ability to coherently present investors the business case for the bond issue, the joint lead managers successfully placed the entire issue across a wide investor base", added Jan Pokorný, Executive Director, Structured Financing, Komerční banka.

Disclaimer:
The public offering of HB Reavis bonds with ISIN CZ0003513608 has terminated. This press release does not constitute an offer for subscription or purchase of any securities of HB Reavis Group.


HB Reavis
is an international real estate developer founded in 1993 in Bratislava, Slovakia. It operates in the United Kingdom, Poland, the Czech Republic, Slovakia, Hungary and in Turkey. The operations have so far yielded a total of 887,000 sq m of modern offices, shopping and entertainment spaces in addition to logistics facilities. Over 1 million sq m of developments are in the planning, permit or construction stages. HB Reavis relies on a fully integrated business model covering development, construction, property and investment management. The group has total assets of €2.1 billion, with a net asset value of almost €1.2 billion. With more than 500 professionals, HB Reavis is a global market leader in international commercial real estate. HB Reavis' strong market position has been recognised through numerous awards, such as the UK Property Award "Best Office Architecture London 2015" for 33 Central and the CEE Quality Award for "Developer of the Year in CEE, 2015". For more information, please visit http://www.hbreavis.com.

For more information, please contact:

HB Reavis

Monika Kalinowska
Group PR Manager
Gsm: +421 915 303 303
E-mail: monika.kalinowska@hbreavis.com

Súčasní klienti
Referenční klienti
Crest Praha
Ostrovní 126/30, 110 00 Praha 1
tel.: +420 731 613 608
e-mail: management@crestcom.cz
ID datové schránky: 2t9dhvu
Crest Ostrava
Dr. Maye 468/3, 709 00 Ostrava-Mariánské Hory
tel.: +420 596 620 435 – 6
e-mail: info@crestmorava.cz
ID datové schránky: tk7wthy
Crest Bratislava
Murgašova 3, 811 04 Bratislava
tel.: +421 904 283 825
e-mail: management@crestcom.sk
 
Sme členom Asociácie
Public Relations Agentúr (APRA)
od 28. júna 2005.
Sme držiteľom CERTIFIKÁTU CMS 3
(Consultancy Management Standard)
od 13. decembra 2007.
Jsme členem celosvětové sítě
PR agentur IPRN od března 2007.
Tuto organizaci reprezentujeme
v České republice a na Slovensku.