Homburg Invest Inc.
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Publicatie datum
17 jan 2007 - 20:20
Statutaire naam
Homburg Invest Inc.
Titel
Homburg Invest Inc. Announcements
Bericht
Halifax, Nova Scotia, January 17, 2007 (TSX: HII.A & HII.B and AEX:HII) – Richard Homburg, Chairman and CEO of Homburg Invest Inc. (“Homburg Invest” or the “Company”) announces:
Sale of Assets
As a result of very favourable market conditions in the Company’s key Canadian markets, Homburg Invest intends to sell various assets currently under construction from its CAD $2,800,000,000 development pipeline. Based on anticipated gross sales revenue of CAD $500,000,000 during fiscal 2007 it is anticipated that pre-tax profit on sales will be approximately CAD $150,000,000 or approximately CAD $1.25 per share. The proceeds will be utilized to further the acquisition of quality real estate in Germany, The Netherlands, the United States and Canada.
Given the magnitude of these transactions, the Company has chosen to make a preliminary announcement at this time. Further details will be disclosed as each transaction closes.
Bond 9
The Company has successfully completed the issue of Homburg Bond 9 bonds announced October 10, 2006.
The Bonds are seven year unsecured corporate Bonds with a fixed interest rate of 7% per year payable semi-annually. They may be redeemed at the option of the Company after the fifth anniversary. The sale of the Bonds raised Euro 60,000,000 with the proceeds to be utilized to further the acquisition of quality real estate in Germany, The Netherlands, the United States and Canada.
Bond 10
Homburg Invest intends to seek regulatory approval to issue a maximum of 6,666 Homburg Bond 10 equity bonds, with a par value of Euro 15,000 each for a maximum amount of Euro 100,000,000. The equity bonds known as Homburg Bond 10 are to be seven year unsecured corporate bonds with a fixed interest rate of 7.25% per year payable semi-annually. The equity bonds may be redeemed at the option of the Company after the fifth anniversary of the bonds. It is anticipated that the sale of the equity bonds will raise Euro 100,000,000. Equity bond holders participate by
Datum laatste update: 21 december 2025