Obligation Grandville Properties S.A. 1.7% ( XS2154325562 ) en EUR

Grandville Properties S.A.

100 % ⇌

Allemagne

XS2154325562 ( en EUR )

1.7% par an ( paiement annuel )

09/04/2024 - Obligation échue

Prospectus brochure de l'obligation Grand City Properties S.A XS2154325562 en EUR 1.7%, échue

Grand City Properties S.A. est une société immobilière cotée en bourse spécialisée dans le développement, la gestion et la commercialisation de propriétés résidentielles et commerciales, principalement en Europe centrale et orientale.

L'Obligation émise par Grandville Properties S.A. ( Allemagne ) , en EUR, avec le code ISIN XS2154325562, paye un coupon de 1.7% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 09/04/2024

FINAL TERMS
MIFID II product governance/Professional investors and ECPs only target market Solely for the
purposes of each manufacturer's product approval process, the target market assessment in respect of the
Senior Notes has led to the conclusion that: (i) the target market for the Senior Notes is eligible counterparties
and professional clients only, each as defined in Directive 2014/65/EU (as amended, MiFID II); and (ii) all
channels for distribution of the Senior Notes to eligible counterparties and professional clients are appropriate.
Any person subsequently offering, selling or recommending the Senior Notes (a distributor) should take into
consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is
responsible for undertaking its own target market assessment in respect of the Senior Notes (by either adopting
or refining the manufacturers' target market assessment) and determining appropriate distribution channels.
PROHIBITION OF SALES TO EEA AND UK RETAIL INVESTORS  The Senior Notes are not
intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the European Economic Area (the EEA) or in the United Kingdom (the UK).
For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in
point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive 2002/92/EC (as
amended or superseded), where that customer would not qualify as a professional client as defined in point
(10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as
amended or superseded, the Prospectus Directive). Consequently no key information document required by
Regulation (EU) No 1286/2014 (as amended, the PRIIPs Regulation) for offering or selling the Senior Notes
or otherwise making them available to retail investors in the EEA or in the UK has been prepared and therefore
offering or selling the Senior Notes or otherwise making them available to any retail investor in the EEA or in
the UK may be unlawful under the PRIIPs Regulation.
7 April 2020
Grand City Properties S.A.
société anonyme
1, Avenue du Bois, L-1251 Luxembourg
R.C.S. Luxembourg: B 165.560

Legal entity identifier (LEI): 5299002QLUYKK2WBMB18

Issue of EUR 600,000,000 1.700 per cent. Notes due 2024
under the 10,000,000,000
Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
Offering Circular dated 19 July 2019 and the supplements to it dated 21 August 2019, 20 November 2019 and
1 April 2020 which together constitute a base prospectus for the purposes of the Prospectus Directive (the
Offering Circular). This document constitutes the Final Terms of the Senior Notes described herein for the
purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Offering Circular.
Full information on the Issuer and the offer of the Senior Notes is only available on the basis of the combination
of these Final Terms and the Offering Circular. The Offering Circular has been published on the website of
the Central Bank of Ireland, www.centralbank.ie.

1.
Issuer:
Grand City Properties S.A.

0098354-0000421 UKO2: 2000105081.4
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2.
(a)
Series Number:
17
(b)
Tranche Number:
1
(c)
Date on which the Senior Notes will Not Applicable
be consolidated and form a single
Series:
3.
Specified Currency or Currencies:
Euro (EUR)
4.
Aggregate Nominal Amount:

(a)
Series:
EUR 600,000,000
(b)
Tranche:
EUR 600,000,000
5.
Issue Price:
98.545 per cent. of the Aggregate Nominal Amount
6.
(a)
Specified Denominations:
EUR 100,000
(b)
Calculation Amount (in relation to EUR 100,000
calculation of interest in global form
see Conditions):
7.
(a)
Issue Date:
9 April 2020
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
9 April 2024
9.
Interest Basis:
1.700 per cent. Fixed Rate

(see paragraph 15)
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Senior Notes will be redeemed on
the Maturity Date at 100 per cent. of their nominal
amount
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Merger Put

Change of Control Put

Issuer Call

Make-Whole Redemption

(see paragraphs 19, 20, 22 and 23 below)
13.
Status of the Senior Notes:
Senior
14.
Date Board approval for issuance of Senior Not Applicable
Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Senior Note Provisions
Applicable

0098354-0000421 UKO2: 2000105081.4
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(a)
Rate(s) of Interest:
1.700 per cent. per annum payable in arrear on each
Interest Payment Date
(b)
Interest Payment Date(s):
9 April in each year, commencing on 9 April 2021,
up to and including the Maturity Date
(c)
Fixed Coupon Amount(s) for Senior EUR 1,700 per Calculation Amount
Notes in definitive form (and in
relation to Senior Notes in global
form see Conditions):
(d)
Broken Amount(s) for Senior Notes Not Applicable
in definitive form (and in relation to
Senior Notes in global form see
Conditions):
(e)
Day Count Fraction:
Actual/Actual (ICMA)
(f)
Additional Business Centre(s):
Not Applicable
(g)
Determination Date(s):
9 April in each year
16.
Floating Rate Senior Note Provisions
Not Applicable
17.
Zero Coupon Senior Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18.
Notice periods for Condition 7.2 Minimum period: 30 days
Redemption for tax reasons:

Maximum period: 60 days
19.
Issuer Call:
Applicable
(a)
Optional Redemption Date(s):
Any Business Day (as defined in Condition 5.2(a)
of the Terms and Conditions of the Senior Notes)
falling in the period from (and including) 9 March
2020 to (but excluding) the Maturity Date
(b)
Optional Redemption Amount:
EUR 100,000 per Calculation Amount
(c)
If redeemable in part:
Not Applicable
(d)
Notice periods:
Minimum period: 15 days

Maximum period: 30 days
20.
Make-whole Redemption by the Issuer:
Applicable
(a)
Make-whole Redemption Margin:
40 basis points
(b)
Reference Bond:
OBL 0 per cent. due 5 April 2024
(ISIN: DE0001141794)
(c)
Quotation Time:
5.00 p.m. Frankfurt time

0098354-0000421 UKO2: 2000105081.4
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(d)
Reference Bond Price
Not Applicable
(e)
Relevant Make-whole Determination Not Applicable
Time
(f)
Make-whole Reference Source
Not Applicable
(g)
Reference Rate Determination Date:
The third Business Day preceding the relevant
Make-whole Redemption Date
(h)
If redeemable in part:
Not Applicable
(i)
Reference Rate:
Reference Bond Rate
(j)
Relevant Make-whole Screen Page:
Not Applicable
(k)
Floating Leg Reference Rate:
Not Applicable
(l)
Floating Leg Screen Page:
Not Applicable
21.
Investor Put:
Not Applicable
22.
Merger Put:
Applicable
Merger Redemption Amount:
EUR 100,000 per Calculation Amount
23.
Change of Control Put:
Applicable

Change of Control Redemption Amount:
EUR 100,000 per Calculation Amount
24.
Final Redemption Amount:
EUR 100,000 per Calculation Amount
25.
Early Redemption Amount payable on EUR 100,000 per Calculation Amount
redemption for taxation reasons or on event of
default:

GENERAL PROVISIONS APPLICABLE TO THE SENIOR NOTES
26.
Form of Senior Notes:

(a)
Form:
Bearer Senior Notes:
Temporary Global Senior Note exchangeable for a
Permanent Global Senior Note which is
exchangeable for Definitive Senior Notes only
upon an Exchange Event
(b)
New Global Note:
Yes
27.
Additional Financial Centre(s):
London and Frankfurt
28.
Talons for future Coupons to be attached to No
Definitive Senior Notes:

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PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO
TRADING
(i)
Listing and Admission to trading
Application has been made by the Issuer (or on its
behalf) for the Senior Notes to be admitted to trading
on the regulated market of Euronext Dublin and
listing on the official list of Euronext Dublin with
effect from 9 April 2020.
(ii)
Estimate of total expenses related to EUR 1,000
admission to trading:
2.
RATINGS
Ratings:
The Senior Notes to be issued are expected to be
rated BBB+ by S&P Global Ratings Europe Limited
and Baa1 by Moody's Investors Service Limited.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Managers, so far as the Issuer is aware, no person involved in the
issue of the Senior Notes has an interest material to the offer. The Managers and their affiliates
have engaged, and may in the future engage, in investment banking and/or commercial banking
transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary
course of business.
4.
YIELD
Indication of yield:
2.083 per cent. per annum

The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
5.
OPERATIONAL INFORMATION
(i)
ISIN:
XS2154325562
(ii)
Common Code:
215432556
(iii)
CFI:
DTFXFB, as updated, as set out on the website of
the Association of National Numbering Agencies
(ANNA) or alternatively sourced from the
responsible National Numbering Agency that
assigned the ISIN
(iv)
FISN:
GRAND CITY PROP/1EMTN 20240409, as
updated, as set out on the website of the Association
of National Numbering Agencies (ANNA) or
alternatively sourced from the responsible National
Numbering Agency that assigned the ISIN

0098354-0000421 UKO2: 2000105081.4
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(v)
Any clearing system(s) other than Not Applicable
Euroclear and Clearstream,
Luxembourg and the relevant
identification number(s):
(vi)
Delivery:
Delivery against payment
(vii)
Names and addresses of additional Not Applicable
Paying Agent(s) (if any):
(viii)
Intended to be held in a manner Yes. Note that the designation "yes" simply means
which would allow Eurosystem that the Senior Notes are intended upon issue to be
eligibility:
deposited with one of the ICSDs as common
safekeeper and does not necessarily mean that the
Senior Notes will be recognised as eligible collateral
for Eurosystem monetary policy and intra day credit
operations by the Eurosystem either upon issue or at
any or all times during their life. Such recognition
will depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
6.
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii)
If syndicated, names of Managers:
Deutsche Bank Aktiengesellschaft
Goldman Sachs International
HSBC Bank plc
Morgan Stanley & Co. International plc
(iii)
Date of Subscription Agreement:
7 April 2020
(iv)
Stabilisation Manager(s) (if any):
Deutsche Bank Aktiengesellschaft
(v)
If non-syndicated, name of relevant Not Applicable
Dealer:
(vi)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(vii)
Prohibition of Sales to EEA Retail Applicable
Investors:

(viii)
Prohibition of Sales to Belgian Applicable
Consumers:

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