on LEG Immobilien AG (ETR:LEG)
LEG Immobilien Adjusts Convertible Bond Conversion Price
On June 15, 2026, LEG Immobilien announced an adjustment to the conversion price of its EUR 700 million convertible bond issued by LEG Properties B.V. The new conversion price is set at EUR 107.2393, down from the previous EUR 113.0871. This adjustment follows dividend payments for the financial year 2025 and is in accordance with the bond's terms and conditions. The bond is due on September 4, 2030, and has the ISIN DE000A3L21D1.
The adjustment is significant for bondholders as it reflects changes in the underlying financial parameters following the company's dividend distribution. Such adjustments are routine measures that align with the bond conditions to reflect the impact of dividend payouts on the convertible bond's value.
R. P.
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