By Rebecca Melvin
New York, April 29 - Warimpex Finanz- und Beteiligungs AG issued PLN 39.5 million of three-year convertible bonds at par with a coupon of 8.5%, according to a news release.
The conversion price has been set at PLN 12.79.
The bonds with a par value of PLN 250,000 were sold under Regulation S via bookrunner Wood & Co. Financial Services with Raiffeisen Centrobank AG acting as the co-lead manager.
Trading in the convertibles will be on the Catalyst alternative trading system operated by BondSpot SA, a subsidiary of the Warsaw Stock Exchange.
Warimpex is a Vienna-based real estate development and investment company focused on hotel properties in Central and Eastern Europe.
| Issuer: | Warimpex Finanz- und Beteiligungs AG
|
| Issue: | Convertible bonds
|
| Amount: | PLN 39.5 million
|
| Maturity: | Three years
|
| Bookrunner: | Wood & Co. Financial Services
|
| Co-lead manager: | Raiffeisen Centrobank AG
|
| Coupon: | 8.5%
|
| Price: | Par, PLN 250,000
|
| Yield: | 8.5%
|
| Initial conversion price: | PLN 12.79
|
| Distribution: | Regulation S
|
| Stock symbol: | Vienna: WXF
|
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