Issue of Euro-denominated 4.75% and 6.5% fixed rate secured bonds due 2022

German Listed Bonds PLC (the “Issuer”) has announced the proposed issue of Euro-denominated 4.75% rated and 6.5% unrated fixed rate secured bonds due 2021 (the “Bonds”), being the first series of bonds to be issued under the Issuer’s EUR150,000,000 secured Medium Term Note programme (the “Programme”).

The Bonds are available to institutional investors and the net proceeds of the Bonds will be on-lent to specialist German Real Estate developers up to a maximum of 75% of the Loan-To-Value on current market value taken by 2 independent valuation agents, with SHB Property Advisers acting as the property adviser.

Zenzic Partners are acting as Arranger and Lead Manager on the proposed issue of Bonds.

The offer period opened on the 9th July 2018 and is expected to close at 12 noon GMT on the 19th July 2018. The lead manager retains the right to close the offer early, in conjunction with SHB and the Issuer.

Features of the Bonds include:

Application has been made to admit the Bonds to listing on the Frankfurt and Swiss Stock Exchanges
ARC Ratings, S.A. has accorded an indicative public rating of A(sf)(ind) to the Series 2018-GLBI Senior Secured Rated Notes issued by German Listed Bonds PLC
The Bonds will bear interest at a fixed rate of 4.75% per annum for the rated series and 6.5% for the unrated series, paid semi-annually for a 3.5 year term
The Bonds have a minimum initial subscription amount of EUR100,000
The Bonds, once issued, will benefit from first charge security granted to the Issuer
The Issuer has appointed experienced institutional service providers to act as corporate services provider, cash manager, calculation agent, registrar and paying agent
About SHB

SHB is a strategic property advisor focusing on the German Residential Real Estate Market. The directors of the business have an enviable track record of advising on successful Real Estate transactions in Germany totalling more than EUR250m


For the arranger: Robert Ainscow
0203 926 5825


This announcement is not itself an offer for the sale of any Bonds. Investors should not subscribe for any Bonds referred to in this announcement except on the basis of information in the programme listing particulars which are available on request. The distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons who come into possession of this announcement or any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any Bonds.

Any Bonds referred to herein will not be registered under the U.S. Securities Act of 1933, as amended, (the “Securities Act”). Subject to certain exceptions, such Bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons. Any Bonds referred to herein are expected to be offered and sold outside of the United States in reliance on Regulation S of the Securities Act. There will be no public offering in the United States.

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