13.06.2025

Adjustment of the Conversion Price for the Convertible Bond of LEG Immobilien SE

Adjustment of the Conversion Price for the Convertible Bond of LEG Immobilien SE

LEG Immobilien SE recently adjusted the conversion price for its convertible bond amounting to EUR 400 million, which is due on September 1, 2025. This adjustment was made due to the dividend payment for the fiscal year 2024 in accordance with § 10 of the bond terms and became effective on June 12, 2025.

Details of the Adjustment

  • Conversion Price: The new conversion price is EUR 112.9577, which represents a slight reduction compared to the previous price of EUR 113.2516.
  • Reference Dividend: The reference dividend has been adjusted from EUR 2.63 to EUR 2.62.

Implications for Investors

This adjustment could have various implications for investors in bonds and real estate:

  1. Value Development of the Bond: An adjustment of the conversion price may influence the attractiveness of the bond for investors. A lower conversion price could make it easier for investors to convert the bond into shares, which could increase demand for the bond.
  2. Dividend Structure: The adjustment of the reference dividend may reflect the company’s current dividend policy. A lower reference dividend might indicate a more cautious stance by the company, which investors should consider when making investment decisions.
  3. Market Conditions: The adjustment could also indicate the overall market conditions and the economic situation of the company. Investors should view the adjustment in the context of current market trends and the real estate sector.
  4. Investment Strategy: For investors in bonds and real estate, this adjustment might require a review of their investment strategy. They should assess the impact on their portfolios and the potential opportunities or risks.

Conclusion

The adjustment of the conversion price for the convertible bond of LEG Immobilien SE is an important step that might prompt investors to reconsider their investment decisions. It is crucial to view the adjustment in the context of current market conditions and company strategy in order to make informed decisions.