Arcona Property Fund is financed by a combination of equity and third-party debt.
|Equity||€ 40.36 million|
|Bank lending||€ 34.48 million|
|Convertible bonds||€ 4.49 million|
|Seller loan||€ 4.71 million|
|Loan||€ 2.00 million|
The equity comprises 3,165,149 shares with a total nominal value of € 40.36 million. The equity reflects an intrinsic value (EPRA NNNAV) per share of € 13.29 as at 30 June 2019.
Arcona Property Fund has debt arrangements with four regional banks, in Poland, Czech Republic and Slovakia.
The outline terms of these financing arrangements are as follows:
|Bank||BNP Paribas Polska S.A.|
|Amount||€ 10.1 million|
|Term||30 November 2021|
|1-month EURIBOR + 3.25%|
|Bank||DNB Bank Polska S.A.|
|Amount||€ 6.08 million|
|Term||31 May 2020|
|3-month EURIBOR + 3.00%|
|Bank||Sberbank CZ, a.s.|
|Amount||€ 9.2 million|
|Term||31 March 2024|
|3-month PRIBOR + 1.80%|
|Bank||Slovenska Sporitelna, a.s.|
|Amount||€ 11.5 million|
|Term||30 june 2021|
|3-month EURIBOR + 2.45%|
Arcona Property Fund has placed a convertible bond on the market through a private placement. This convertible bond is not exchange-listed and is not tradeable.
|Term||31 October 2021|
For the purchase of three leasehold shopping centres in Poland, Arcona Property Fund agreed a loan from the seller of the properties.
|Amount||€ 4.71 million|
Arcona Property Fund attacted two loans to install a convertible bond of € 1.07 million and a tranche of the BNP Paribas Polska loan.
|Amount||€ 2.5 million|
|Term||1 December 2020|
Structure Arcona Property Fund N.V.
20 February 2018
01 November 2019
€ 13,19+ 0%
Click here for the current stock price