“Alpha Bank,” “National Bank of Greece,” “Eurobank,” and “Piraeus Bank,” as Lead Managers of the Public Offering for the issuance of a Common Bond Issue by “LAMDA DEVELOPMENT and the listing of the Company’s bonds for trading in the Fixed Income Securities Category of the Regulated Market of Euronext Athens, announce that, following the completion of the Public Offering on June 5, 2026, and in accordance with the aggregate allocation data generated using the Euronext Athens Electronic Order Book, a total of 350,000 dematerialized, common, registered bonds of the Company with a par value of €1,000 each (the “Bonds”), resulting in the raising of €350 million in funds.
Total valid demand from investors participating in the Public Offering amounted to €593.46 million. The strong response from the investing public resulted in the Public Offering being oversubscribed by 1.7 times, with the total number of participating investors reaching 13,652.
The offering price of the Bonds has been set at par, i.e., €1,000 per Bond.
The final yield and interest rate of the Bonds were set at 4.20% per annum.
The Bonds allocated based on the valid demand expressed at the 4.20% yield are as follows:
a) 316,000 Bonds (90.29% of the total Bonds issued) were allocated to Retail Investors, out of a total of 419,763 Bonds for which valid demand was expressed (i.e., 75.28% of the expressed demand in this specific investor category and at this specific yield was satisfied) and
b) 34,000 Bonds (9.71% of the total number of Bonds issued) were allocated to Qualified Investors out of a total of 173,700 Bonds, for which valid demand was expressed (i.e., 19.57% of the expressed demand in this specific investor category and at this specific yield was satisfied).
Furthermore, of the 34,000 Bonds allocated to Qualified Investors, the Underwriters received 16,500 Bonds for their own account as follows:
Pursuant to the underwriting agreement, the Underwriters did not undertake any commitment to underwrite the Bonds.
Commencement of trading in the bonds
The Issuer’s Board of Directors announces that the proceeds of the Public Offering from the issuance of the common bond issue (hereinafter the “Common Bond Issue” and the “Issuance”) amount to €350 million.
The final expenses of the Issue (including VAT where applicable) amounted to €10.3 million and will be deducted from the total proceeds of the Issue. Consequently, the net proceeds amount to €339.7 million.
The payment of the proceeds from the Offering was certified by the Company’s Board of Directors on June 9, 2026, based on the relevant certification by a certified public accountant.
The aforementioned net proceeds will be used by the Company as follows:
(A) An amount of €320 million for the full early repayment of the 2020 Bond, through the exercise of the early redemption right in accordance with Clause 9.3 of the 2020 Bond, on July 21, 2026.
(B) An amount of approximately €20 million will be allocated to cover the financing needs of the Issuer and/or Group companies, to which it will be directed through a capital increase and/or borrowing for working capital, interest, and other financial expenses related to debt obligations.
The funds raised from the Bond Loan, until their full allocation, will be invested in short-term, low-risk investments, such as, for example, time deposits, demand deposit accounts, mutual funds, and repurchase agreements.
Detailed information is included in Section 9.1 “Reasons for the Issuance of the CSD and Use of Proceeds” of the Prospectus dated May 26, 2026.
The Company will disclose information regarding the use of the proceeds from the issuance of the CSD until the final allocation of the proceeds, in accordance with the provisions of Board Resolutions 10A/1038/30.10.2024 and 8/754/14.04.2016 of the Board of Directors of the Hellenic Capital Market Commission and applicable legislation, as in force from time to time.
Furthermore, the Issuer shall comply with the provisions of Article 22 of Law 4706/2020, as currently in force, and will inform the investing public, the Hellenic Capital Market Commission, and Euronext Athens, in accordance with the applicable provisions of securities legislation.
Euronext Athens, at its meeting on May 25, 2026, approved the listing of the Bonds for trading in the Fixed Income Securities Category of the Regulated Market of Euronext Athens. The Bonds are in book-entry form and will be credited to the share and the Securities Account maintained by each beneficiary in the Dematerialized Securities System, in accordance with the information provided in the Subscription Application.
The final registration of the Bonds in the beneficiaries’ Securities Accounts in the Dematerialized Securities System will be completed on June 9, 2026.
The trading code for the Bond is “LMDB4.” The initial trading price of the Company’s Bonds is €1,000 per Bond, i.e., 100% of its par value.