Urbanek Real Estate plans to issue its first corporate bond to finance apartment buildings in Vienna
Press release
Attractive fixed interest rate of 10.00% p.a. with monthly interest payment
Term of 7 years, volume of up to EUR 50 million
Public offer in Austria and Germany expected in November 2024
Vienna, November 20, 2024 - Urbanek Real Estate GmbH, a Vienna-based real estate company, is planning to issue a fixed-interest bond with a volume of up to EUR 50 million and a term until 2031. The nominal interest rate is expected to be fixed at 10.00% p.a.
The bearer bonds have a nominal value of EUR 1,000.00 each. The bond issue will be made as part of a public offering in Germany and Austria. The subscription period for the public offer is expected to start in November 2024.
The securities prospectus required for the public offering in Germany has been filed with the Luxembourg Securities and Markets Commission (Commission de Surveillance du Secteur Financier - “CSSF”). Approval of the prospectus is expected shortly.
The Urbanek Real Estate GmbH bond, also known as the “Vienna Opportunities Bond”, offers the opportunity to invest directly in the growing Viennese residential real estate market.
Urbanek Real Estate GmbH plans to use the funds raised from the bond to build up a diversified portfolio of existing properties in Vienna. Investments in other parts of Austria are also possible if particularly attractive opportunities arise. The focus is on the acquisition and optimization of high-quality, undervalued residential properties that generate immediate cash flow. The net proceeds from the bond issue are to be used for the acquisition of already identified apartment buildings in Vienna. The minimum investment volume per property is one million euros.