Wrap Text
Book build for unsecured corporate bond
NEW EUROPE PROPERTY INVESTMENTS PLC
Incorporated and registered in the Isle of Man with registered number 001211V
Registered as an external company with limited liability under the laws of
South Africa, registration number 2009/000025/10
AIM share code: NEPI JSE share code: NEP BVB share code: NEP
ISIN: IM00B23XCH02
(“NEPI”)
BOOK BUILD FOR UNSECURED CORPORATE BOND
NEPI announces that, further to the announcement released on 5 November 2015, it will start a book build today for
an unsecured corporate bond issue on the following terms:
Issuer: NE Property Coöperatief U.A., a wholly owned subsidiary of NEPI,
incorporated in the Netherlands
Guarantor: New Europe Property Investments PLC
Expected Ratings: Baa3/BBB- at Moody’s/S&P (Stable/Stable)
Format: Senior Unsecured, Reg S
Currency: EUR
Tenor: 5.25 years (due Feb 26, 2021)
Size: To be confirmed
Initial Price Guidance: Mid Swap+362.5 basis points Area
Coupon: Fixed, Annual, Actual/Actual with 1.25% step-up if the notes are downgraded
by any agency to below investment grade
Minimum denomination: €100,000
Documents: Governed by English Law
Exchange: The bonds are expected to be admitted to trading on the Irish Stock Exchange
Covenants: Solvency Ratio (Loan To Value) <= 60%, Consolidated Coverage Ratio >=
2.0x and Unsecured Consolidated Total Assets >= 180% of Unsecured
Consolidated Total Indebtedness
Bookrunners: Deutsche Bank / J.P. Morgan
Joint Lead Manager (No Books): Raiffeisen Bank International
A further announcement will be made when appropriate.
NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer of Notes to the public in any jurisdiction. Neither the offer of Notes nor the related
offering memorandum have been approved by the Romanian Financial Supervisory Authority. The Notes will not be
offered to the public in Romania; however, NEPI may decide to sell Notes in Romania to qualified investors and to
certain other investors not exceeding 150 natural or legal persons, other than qualified investors (all within the
meaning of sub-paragraphs 1 and 2 of article 15(1) of the CNVM Regulation No. 1/2006 (as amended) on issuers and
operations with securities). Neither this announcement nor any copy of it may be taken or transmitted, directly or
indirectly, into the United States, Australia, Canada or Japan. This announcement does not constitute or form part of
any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe nor shall it (or any part of it) or
the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The offer and
the distribution of this announcement and other information in connection with the listing and offer in certain
jurisdictions may be restricted by law and persons into whose possession any document or other information referred
to herein comes 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 such jurisdiction. This announcement is not an offer
for sale of any securities in the United States. Securities may not be offered or sold in the United States or to, or for
the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended
2
(the Securities Act)) absent registration or an exemption from registration under the Securities Act. NEPI has not
registered and does not intend to register any portion of any offering in the United States or to conduct a public
offering of any securities in the United States. This announcement is directed only at (i) persons who are outside the
United Kingdom or (ii) persons with professional experience in matters relating to investments falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the Order) or
(iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)
of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this
communication relates will only be available to and will only be engaged with, relevant persons. Any person who is
not a relevant person should not act or rely on this document or any of its contents.
For further information please contact:
New Europe Property Investments plc
Mirela Covasa +40 21 232 13 98
Nominated Adviser and Broker
Smith & Williamson Corporate Finance Limited
Azhic Basirov/Katy Birkin +44 20 7131 4000
JSE Sponsor
Java Capital +27 11 722 3050
BVB advisor
SSIF Intercapital Invest SA
Razvan Pasol +40 21 222 8731
23 November 2015
Date: 23/11/2015 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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