GTC Acquisition and Construction Overview
BONDS TERMS AND CONDITIONS (I/II)
Main terms of the planned bond issuance within the framework of the Bond Funding for
Growth Scheme, launched by the National Bank of Hungary:
ISSUER
CREDIT RATING
"
"
GTC Magyarország Ingatlanfejlesztő Zrt. (GTC Hungary Real Estate Development Company Ltd.)
Scope Ratings GmbH - Corporate credit rating of the Issuer: BBB- (Stable); Credit rating of the Bonds: BBB-
PURPOSE OF
BOND ISSUANCE
■ To refinance Issuer's and Guarantor's (at consolidated level) financial indebtedness (at least 50% of bond proceeds
applied for refinancing)
■ To finance real estate redevelopment and construction projects by the Issuer and Guarantor (or other members of the
Guarantor's group)
■ All redevelopment and construction proceeds to be applied for projects which meet the relevant BREEAM and LEED
recognized standards (Green Bonds - strong dedication to sustainability and social awareness)
■ Green Bond: based on the second party opinion by Sustainanalytics, the purpose of the issuance aligns with the Green
Bond Principles 2018.
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ISSUE SIZE
"
HUF 36bn
MATURITY
■ 10 years
■
Issue in November/December 2020
■ Amortization:
•
10% year 7
10% year 8
COUPON
INSTRUMENT
SIZE
10% year 9
70% bullet payment at the maturity
■ Subject to final pricing
■ Fixed rate
Payable annually
■ HUF 50m nominal value per bond
LISTING
■ XBond platform (Hungarian Stock Exchange)
JOINT LEAD
MANAGERS
■ OTP Bank Nyrt.
GUARANTOR
Equilor Befektetési Zrt.
■ Globe Trade Centre S.A., guaranteeing the Bonds and any other future financial indebtedness of the Issuer
during the tenure of the Bonds
| BOND TERMS |
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