Stern Immobilien AG: Bond extended until August 2025 – what now?

Stern Immobilien AG: Bond extended until August 2025 – what now?

Stern Immobilien AG is about to extend its 2018/2025 corporate bond again. According to today's ad hoc announcement, published on June 16, 2025, the company requests that the new bond maturity date be postponed to August 31, 2025. The current due date is June 30, 2025 and could therefore be extended by two months. bonds-finder.de reports that bondholders will be informed that repayment will be deferred until the original date.

A contact person for investors is lawyer Markus Kienle. Stern Immobilien AG has already taken steps in the past to optimize repayments, including a partial repayment of the bond in the amount of 4.5 million euros. An important detail is also the planned stock exchange listing, which is scheduled to end on September 30, 2024. Furthermore, the general meeting has already decided to carry out a delisting, which could have an impact on investors.

Financial situation and future plans

The company's economic situation points to challenges. Stern Immobilien AG recorded a loss of 2.1 million euros in 2022. To improve this situation, the company is planning further semi-annual bond extensions, and creditors have already agreed to extend the bond until the end of 2024. stern-immobilien.com also describes a new issue of a 15 million euro bond (ISIN: A351TB) with an interest coupon of 9.25% p.a., which can be subscribed to from an amount of 100,000 euros.

These developments will certainly also concern the new board member, Eric Bichlmeier, who will have to deal with the future direction of the company. Given the upcoming extension and financial challenges, Stern Immobilien AG faces crucial months to retain its investors and restore trust.