EQS-News: TAG Immobilien AG successfully issues EUR 300m bond; refinancing measures for the acquisition of a portfolio of rental units in Poland completed

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TAG successfully issues EUR 300m bond; refinancing measures for the acquisition of a portfolio of rental units in Poland completed

• Unsecured, fixed-rate bond with a volume of EUR 300m issued; term of 6.5 years and coupon of 3.625% p.a.
• In addition to general corporate purposes, the proceeds will be used to refinance the acquisition of a portfolio of c. 5,300 rental units in Poland
• Following the successful capital increase and tap issue of the convertible bond, refinancing measures are now complete
• S&P Global raises TAG's investment grade rating outlook to ‘positive’, in line with Moody's

Hamburg, 27 August 2025

TAG Immobilien AG (TAG) has today successfully placed an unsecured, fixed-rate corporate bond with a volume of EUR 300m. The bond has a term of 6.5 years, bears a coupon of 3.625% p.a. and was offered for sale to institutional investors under TAG's Debt Issuance Programme published on 25 August 2025. The issuance was more than 8-times oversubscribed, demonstrating strong interest from investors in TAG's business model.

The placement of the bond of EUR 300m marked the final step in the refinancing of the acquisition of c. 5,300 rental units in Poland (purchase price of c. EUR 565m), which was announced on 16 August 2025. TAG had already raised funds on the capital market on 19 August 2025 via a capital increase (gross proceeds of EUR 186m) and by a tap issue of the 2025/2031 convertible bond (gross proceeds of EUR 102m). This meant that a bridge facility of up to EUR 600m, which had been agreed in the meantime to secure the liquidity position, did not have to be used.

After the rating agency Moody's not only confirmed TAG's existing investment grade rating (Baa3) in June 2025, but also set the outlook for the rating to ‘positive’, S&P Global also raised the outlook for the BBB- rating to ‘positive’ on 20 August 2025 as a result of the acquisition and the already implemented refinancing measures.

‘We are very pleased that we were able to refinance our acquisition in Poland so quickly and thus continue to have a strong liquidity position. The very high investor demand we saw in the capital increase, the tap issue of the convertible bond and the bond issuance confirms our strategy of using our position of financial strength to take advantage of attractive opportunities in the market in order to achieve sustainable economic growth,’ comments Martin Thiel, CFO and Co-CEO of TAG.

BofA Securities and Société Générale acted as global coordinators for TAG in the capital increase, the tap issue of the convertible bond and the bond issuance and provided the bridge facility. The capital increase was supported by Deutsche Bank and Van Lanschot Kempen as additional bookrunners, while Deutsche Bank and J.P. Morgan acted as additional bookrunners for the bond issue.

Contact

TAG Immobilien AG

Dominique Mann

Head of Investor & Public Relations

+49 (0) 40 380 32 305

ir@tag-ag.com

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