Vivacon AG
VIVACON AG – Securitisation completely placed- Volume EUR 62m.
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Cologne, March 21st 2006. The first 4,144 Hereditary Building Rights of
VIVACON AG’s (ISIN 000604 8911) existing portfolio have been successfully
placed in the capital market. The transaction volume amounts to EUR 62m.
This is the first securitisation of Hereditary Building Rights on the
capital market in Germany. Due to the new kind of asset class and the
secure and stable cash flows of the portfolio, the transaction generated
strong interest. The order book was strongly oversubscribed with large
interest from the German insurance sector and European investment
companies. VIVACON AG plans to securitize further Hereditary Building
Rights in the future and currently owns more than 2,700 additional
Hereditary Building Rights, whereas the stock should be significantly
expanded by further portfolio transactions.
The proceeds should mainly be used to further expand the portfolio trading
under Hereditary Building Rights division. HypoVereinsbank has structured
the securitisation and placed in the form of ABS notes and promissary notes
in the capital market as sole bookrunner and arranger.
Lars Schriewer
Director Communication
Tel: + 49 221 / 93 761 26
Lars.Schriewer@vivacon.de
Sven Annutsch
Head Corporate Finance
Tel: + 49 221 / 93 761 2132
Sven.Annutsch@vivacon.de
Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 93 761 135
http://www.vivacon.de
(c)DGAP 21.03.2006
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language: English
emitter: Vivacon AG
Bayenthalgürtel 4
50968 Köln Deutschland
phone: +49 (0)221 937 61 – 0
fax: +49 (0)221 937 61 – 13
email: ir@vivacon.de
WWW: www.vivacon.de
ISIN: DE0006048911
WKN: 604891
indexes: SDAX
stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hamburg, München, Stuttgart
End of News DGAP News-Service
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