The Grounds Extends Corporate Bond Maturity to 2029

The Grounds Real Estate Development AG has announced it will extend the final maturity date of its corporate bond 2021/2027 by two years, now set for 18 February 2029. Approved by the Supervisory Board, this decision utilizes the issuer's option provided in the bond's terms and conditions.

With the postponement, the notes will continue to accrue interest at a rate of 6% per annum from 18 February 2027 to 17 February 2029. Interest payments will be due at the end of this extended period. Unless redeemed or repurchased earlier, the bonds will be fully redeemed at their principal amount on the new maturity date.

The Grounds ensures bondholders are informed, as this decision is aligned with statutory regulations for corporate financial adjustments. Full details are available on their official website.