Grand City Properties S.A.: Successfully placed perpetual hybrid Notes EUR 120 million

Donnerstag, 12. Februar 2015

Pressemitteilung der Grand City Properties S.A.:

Grand City Properties S.A. (the „Company“) announces today successful private placement of EUR 120 million, in aggregate principal amount of perpetual hybrid notes with a coupon of 3.75% (the „Notes“).

The Notes are in denominations of EUR 100,000 and were exclusively offered to institutional investors at issue price of 96.3%, and will be traded in the Irish Stock Exchange on its regulated market. Settlement is expected to take place on February 18, 2015.

The Company intends to use the amount raised in the issue of the Notes to fund the Company’s acquisitions growth strategy.

Grand City Properties S.A.

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