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10% bond from EPH Group AG

January 21, 2025

  • 10% interest p.a. with monthly interest payment - effective interest rate 10.48% p.a.

  • Bond collateralized

  • Issue volume up to EUR 50 million, term 7 years

  • Investment in the booming market for hotels and resorts in the premium and luxury segment

  • Exchange offer to bondholders of the EPH Group bond 2023/2030

Vienna, January 21, 2025 - Today marks the start of the subscription period for the bond issued by the Viennese tourism company EPH Group AG (WKN: A3L7AM, ISIN: DE000A3L7AM8) with an interest rate of 10% p.a. and a volume of up to EUR 50 million. Interest will be paid to investors on a monthly basis, with the first payment due on March 24, 2025. The bond has a term of 7 years. With a denomination of EUR 1,000, the issue is aimed at both institutional and private investors.

In contrast to the unsecured bonds 2023/2030 issued in July 2023, the new bond includes a security concept: the pledging of shares in subsidiaries and associated companies. This significantly improves the risk profile of the new bond.

The subscription period for the public offer of the bond in Germany and Austria begins today. The planned value date is Monday, February 24, 2025. The bond can be subscribed via the subscription box of the Stuttgart Stock Exchange and via the issuer's website (www.eph-group.com).

In addition, the issuer is submitting an exchange offer to the holders of the 2023/2030 bond (ISIN: DE000A3LJCB4). They can exchange for the new secured bonds 2025/2032 at a ratio of 1:1 via their respective custodian bank. The exchange period at the custodian banks also runs from today, 12:00 noon (CET) up to and including February 12, 2025, 12:00 noon (CET).

The inclusion of the Bonds 2025/2032 in the Vienna MTF of the Vienna Stock Exchange and in the Regulated Unofficial Market of the Stuttgart Stock Exchange is planned from February 24, 2025.

10% Anleihe der EPH Group AG – Zeichnungsfrist startet heute.

Alexander Lühr, CEO of EPH Group AG: “Demand in the premium and luxury hotel segment is growing continuously, even in times of global economic uncertainty. We want to take advantage of the resulting opportunities. We are currently working on an extraordinary resort in the Kitzbühel Alps. The approximately 35,000 square meter property in a prime location already belongs to our holding company. We have also invested in Pure Place Hospitality GmbH, which is currently developing an innovative golf resort on a golf course south of Vienna.

The funds from the new bond are to be used for these two projects as well as for the acquisition of two new, outstanding properties. These are an exclusive lakeside property in Carinthia with an already approved hotel project and a unique plot of land with existing buildings located directly on the ski slope in the Kitzbühel ski resort. We have been preparing the purchases in recent months. The final acquisition will take place immediately after completion of the bond issue.

Our shares in the aforementioned projects will be pledged as first-ranking collateral in favor of the bondholders in accordance with our collateral concept. With additional equity, for which we are planning an initial public offering (IPO) in the “direct market plus” segment of the Vienna Stock Exchange, we would like to optimize the financing mix and at the same time further improve the risk profile for investors.”

Detailed information on the company and the bond can be found on the website www.eph-group.com.