Peach Property Group AG announced that it will issue convertible bond for the gross proceeds of CHF 63 million (nominal volume of CHF 105.7 million) on January 1, 2023. The transaction will include participation from the company's anchor shareholders. The terms and conditions of the mandatory convertible bond provide for an interest coupon of 5 percent p.a. for a three-month term.

Interest is paid cumulatively at maturity in Peach Property Group AG shares in a liquidity-neutral manner. In total, Peach Property Group AG will issue around 3.6 million new registered shares with a nominal value of CHF 30 from the conditional capital resolved at the company's Annual General Meeting on 20 May 2022 at the end of the term of the mandatory convertible bond in April 2023. This corresponds to approximately 21% of the company's currently outstanding share capital.

The issuance of the new shares will reduce EPRA NTA (Net Tangible Assets) per share by approximately CHF 7 per share from CHF 69.50 (as of H1 2022) to approximately CHF 62.50 on a pro forma basis.