DGAP-News: CPI PROPERTY GROUP - Rated 'A-' by Japan Credit Rating Agency
DGAP-News: CPI PROPERTY GROUP / Key word(s): Miscellaneous
CPI PROPERTY GROUP
Passende neue Barrier Reverse Convertibles
CPI Property Group ("CPIPG") announces that Japan Credit Rating Agency, Ltd. ("JCR") has assigned a Foreign Currency Long-term Issuer Rating of A- to CPIPG, with a stable outlook.
"JCR is a leading credit rating agency in Japan and has an impressive track record of rating foreign bond issuers" said Martin Nemecek, CEO of CPI Property Group. "CPIPG is the first non-Japanese real estate company to obtain such a rating, which required JCR to conduct extensive due diligence and a detailed analysis of our markets. We are pleased with JCR's positive assessment of CPIPG's strategy and management team."
As announced on 28th September, the Tokyo Stock Exchange approved an application from CPIPG for listing on the professional-oriented TOKYO PRO-BOND market. CPIPG will consider senior unsecured bond financing in Japan in accordance with the company's long-term strategy to develop a diverse investor base for CPIPG's bond offerings. So far in 2018, CPIPG has successfully issued Euro hybrid bonds, Euro senior unsecured bonds and Swiss Franc senior unsecured bonds; proceeds have been used primarily to repay secured and subsidiary debt and increase the level of CPIPG's unencumbered assets.
"This new rating from JCR is a fresh, independent assessment of CPIPG's strong credit quality" said David Greenbaum, CFO of CPI Property Group. "We look forward to educating Japanese investors about our credit and hope to develop a productive long-term relationship with the Japanese market."
DISCLAIMER: THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM A PART OF ANY OFFER OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION. THE SECURITIES TO WHICH THIS ANNOUNCEMENT RELATES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFER OF SECURITIES IN THE UNITED STATES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR, ANY SECURITIES, IN THE UNITED STATES OR ANY OTHER JURISDICTION NOR SHALL IT (OR ANY PART OF THIS ANNOUNCEMENT) OR THE FACT OF ITS DISTRIBUTION FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, OR ACT AS ANY INDUCEMENT TO ENTER INTO, ANY CONTRACT OR COMMITMENT OR INVESTMENT DECISION WHATSOEVER. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW AND PERSONS INTO WHOSE POSSESSION ANY DOCUMENT OR OTHER INFORMATION REFERRED TO HEREIN COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
For further information please contact:
CPI PROPERTY GROUP
Kirchhoff Consult AG
05.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||CPI PROPERTY GROUP|
|40, rue de la Vallée|
|Phone:||+352 264 767 1|
|Fax:||+352 264 767 67|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart|
|End of News||DGAP News Service|
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