Global law firm Norton Rose Fulbright has advised long-standing client ADLER Real Estate AG (ADLER Real Estate) on the issuance of a convertible bond with a nominal value of approximately EUR 138 million. The convertible bond has a term of five years, a coupon of 2.5 per cent with an issue price of 95 per cent. The proceeds of the issue are primarily used for refinancing existing loans, financing future real estate acquisitions, modernising the company’s real estate portfolio as well as for general business requirements.

The Norton Rose Fulbright team was led by Frankfurt corporate and capital markets partner Frank Peter Regelin, and included Jan-Peter Heise, in addition to partner Tino Duttiné and Patrick Löffler in the tax team.

Norton Rose Fulbright has previously advised ADLER Real Estate on various corporate finance transactions relating to share capital increases, convertible bonds and bond issues, and acquisitions. Most recently, Norton Rose Fulbright advised ADLER Real Estate on the acquisition of shares in the Austrian real estate group conwert Immobilien Invest SE.

ADLER Real Estate is a publicly listed real estate company focusing on developing residential real estate throughout Germany.