on Deutsche Konsum REIT-AG (isin : DE000A14KRD3)
Deutsche Konsum REIT-AG Extends Financial Indebtedness to 2025
Deutsche Konsum REIT-AG has announced an extension of its short-term maturing financial indebtedness of EUR 145.9 million until 30 September 2025. The decision involves the issuance of two registered bonds in exchange for three existing corporate bonds.
The first registered bond, amounting to EUR 105.9 million, replaces two corporate bonds totaling EUR 70.0 million and EUR 35.9 million, originally issued in 2019 and 2018, respectively. The second registered bond, valued at EUR 40.0 million, substitutes a corporate bond issued in 2020.
Both new bonds are secured by land charges. The company plans to repay part of the bonds early using proceeds from a partial portfolio sale and refinancing. This strategic move aims to stabilize the company’s financial position through 2025.
R. H.
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