EPH Group AG issues tourism corporate bond
Ad-Hoc | June 7, 2023
Vienna, June 7, 2023 - The Viennese tourism company EPH Group AG is issuing a corporate bond with an interest rate of 10% p.a. and a volume of up to EUR 50 million. Interest will be paid out to investors monthly, the first time on July 31, 2023. The bond has a term of 7 years. With a denomination of EUR 1,000, the bond is aimed at both institutional and private investors (ISIN: DE000A3LJCB4 / WKN: A3LJCB).
The net proceeds from the issue of the bonds will be used to build up a diversified portfolio of high-yield hotels and resorts in the premium and luxury segment in Austria, Germany and other top European destinations.
The interest-free subscription period for the bond is expected to run from June 12 to July 13, 2023, but can be terminated early. The bond can be subscribed at banks and online brokers via the subscription tools “FirstPlace” of Wiener Börse AG (Vienna Stock Exchange) and “DirectPlace” of Deutsche Börse AG (Frankfurt Stock Exchange).
After the end of the subscription period, the bond will be traded on the Vienna MTF of the Vienna Stock Exchange and on the Open Market (Quotation Board) of the Frankfurt Stock Exchange. The first listing of the bond is expected to take place on July 17, 2023.
The securities prospectus has been approved by the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) and notified to the Austrian Financial Market Authority (FMA) and the German Federal Financial Supervisory Authority (BaFin). Detailed information on the bond, the securities prospectus and all necessary documents are now available on the website www.eph-group.com.
End of the ad hoc announcement