publity AG: First tranche of the 5.50% corporate bond successfully placed

Frankfurt/Main, 18/06/2020 - publity AG has successfully concluded the offer of its 5.50% corporate bond 2020/2025 (ISIN DE000A254RV3) with a volume of EUR 50.0 million. The company has thus placed the first tranche of the corporate bond and achieved its primary goal of early refinancing of the 2015/2020 convertible bond and raised funds for further growth. Within this context, bonds with a nominal value of around EUR 32.9 million were subscribed to by national and international investors (including TO-Holding GmbH controlled by the CEO of publity AG) at an issue price of EUR 1,000 per bond. Furthermore, as part of the exchange offer, bonds of the 2015/2020 convertible bond with a nominal value of around EUR 17.1 million were exchanged for bonds of the new corporate bond with a corresponding nominal value. The publity corporate bond has a coupon rate of 5.50 % p.a. and has a maximum maturity until June 2025. The inclusion of the corporate bond in trading on the Open Market (Quotation Board) of the Frankfurt Stock Exchange is planned for 19 June 2020.

Thomas Olek, CEO of publity AG: "We are very content with the successful issue, as it enables us to refinance our convertible bond. I myself subscribed for a very significant amount via my investment company and also swapped convertible bonds, so that my involvement in the new bond totals a double-digit million euro amount. Bearing in mind our further growth, the bond gives us a strong capital market instrument that will enable us to raise additional funds for our expansion in the coming months if required. Accordingly, we intend to further accelerate our growth course by expanding our property portfolio and successful asset management".

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About publity

publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.