Lamda Development announced that from 01.07.2022 it is making available to the investing public the Prospectus approved at the 01.07.2022 meeting of the Board of Directors of the Capital Market Commission, which was drawn up in accordance with Regulation (EE) 2017/1129, according to authorization Regulations (EU) 2019/979 and (EU) 2019/980 and articles 57-68 of Law 4706/2020, as applicable, with regard to the issuance of a joint bond loan (hereinafter “KOD”) by the Company, under the Green Bond framework of the Company, total amount by capital up to €230,000,000, with a duration of seven (7) years, divided into up to 230,000 intangible, common, anonymous, bonds with a nominal value of €1,000 each (hereinafter the “Bonds”), according to the decision of its Board of Directors dated 29.06.2022 (hereinafter “Issuance”). The Bonds to be issued will be made available for coverage by the investing public through a public offer within the Greek territory (hereinafter “Public Offer”), using the Electronic Offer Book service (hereinafter “HBI”) of the Athens Stock Exchange , will be registered in the S.A.T. and will be listed for trading in the Fixed Income Securities Category of the Regulated Market of the Athens Stock Exchange (hereinafter “A.X.”).
As stated in the relevant announcement of the company, the Athens Stock Exchange, during the meeting of 29.06.2022, approved the introduction of the Bonds in the Fixed Income Securities Category of the AX Regulated Market, subject to the approval of the Prospectus by the Capital Market Commission and successful completion of the Public Offering of the Company’s Bonds.
Below, the expected schedule for the completion of the Public Offer, the issuance of the KOD and the listing for trading of the Bonds in the Fixed Income Securities Class of the AX Regulated Market is presented, which is as follows:
July 1, 2022: July 1, 2022 Approval of Prospectus by the Capital Market Commission.
July 1, 2022: Publication of an announcement on the availability of the Prospectus and the start of the Public Offer and registration of investors, in the H.D.T. of A.A. and the Company’s website.
July 1, 2022: Publication of the Prospectus.
July 5, 2022: Performance range announcement.
July 6, 2022: Start of the Public Offer (via H.VI.P.) – registration of investors in the issuance of the KOD (10:00 am Greek time).
July 8, 2022: End of the Public Offer (through H.BI.P.) – registration of investors in the issuance of the KOD (16:00 Greek time).
July 8, 2022: Announcement of the fulfillment of the conditions for the issuance of the KOD, the final yield and the Interest in the H.D.T. of A.A. and the Company’s website.*
July 12, 2022: Publication of a detailed announcement on the outcome of the Public Offer.
July 12, 2022: Certification of the payment of the raised funds and issuance of the KOD by the Company. Delivery of Bonds to investors through registration in their Securities Accounts in the Intangible Securities System. Publication of a notice for the commencement of negotiation.
July 13, 2022: Commencement of trading of the Bonds in the Fixed Income Securities Category of the A.A. Regulated Market.
It is noted that the above schedule depends on many unsettled factors and may change. In any case, the investing public will be informed with a relevant announcement from the Company.
Potential market – target for bonds
The coordinating main underwriters, i.e. “Alpha Bank SA”, “Eurobank SA”, “PIRAEUS BANK” and “EUROXX Securities SA”, regarding the Public Offer of Lamda Development Bonds announce that they have assessed the potential target market for the Bonds as follows:
(i) the potential target market of the Bonds comprises: private clients, professional clients and eligible counterparties, as defined in Law 4514/2018, as applicable, with at least basic knowledge and experience in investment products and services, limited potential to suffer losses on the invested capital, low risk tolerance, with an appropriate time horizon of up to seven (7) years (that is, until the contractual maturity of the Bonds or earlier in the event of their early repayment by the Company (exercise of the call option) and an investment purpose of preservation of invested capital or income or portfolio diversification and/or capital growth;
(ii) all distribution channels of the Bonds (ie investment advisory service, portfolio management, order receipt/transmission and order execution) are deemed suitable for customers of the potential target market.
Source: Capital
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