SeniVita Social Estate AG (ISIN DE000A13SHL2) is planning to issue a convertible bond on the Frankfurt Stock Exchange. The bond can be subscribed from today until 8 May 2015, subject to early termination of subscription.
This is the first ever convertible bond that can be subscribed on the Frankfurt Stock Exchange. Convertible bonds include a conversion right which allows holders - in this particular case - to exchange the bonds for shares in the company at a fixed price of €10.00 from 1 October 2018 to 31 January 2020. The period applies subject to certain non-exercise periods. An Initial Public Offering of SeniVita Social Estate AG is planned to take place in 2018, at the earliest. A volume of up to €50 million is planned for the issue. The term of the bond is five years and the coupon rate 6.5 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 12 May 2015. Applicant and specialist is ICF BANK AG.
According to information disclosed by the issuer, SeniVita Social Estate AG is a subsidiary of SeniVita Sozial gGmbH and Ed. Züblin AG. As a part of SeniVita Group, one of the leading private providers of care homes for the elderly and disabled, paediatric nursing and education in Bavaria, SeniVita Social Estate AG designs and builds care homes.
Investors can find information on subscription and company figures at www.boerse-frankfurt.de/en/bonds/entry+standard+bondsn.