Glossary / Lexicon
Glossary / Lexicon
- Actual/Actual-ICMA
The exact-day interest method provides that both the number of interest days and the length of the base year are always determined exactly according to the calendar.
The individual months are thus calculated according to their actual number of days with 30 or 31 interest days or February with 28 or 29 interest days. A whole year results in 365 interest days or 366 in a leap year.
- Investors
The holders of the Bonds or of the co-ownership interest in the Global Note (if the Bonds are represented by a Global Note). See also "Bondholders".
- Bond
Bonds are debt securities with which a loan is taken out on the capital market. They are divided into partial bonds.
Unlike personal loans, bonds are issued publicly and only by legal entities. They differ in their terms, such as different maturities, issue currencies and interest rates.
The latter can be either fixed, floating or structured (depending on certain events). Their interest rate is expressed as a percentage of the nominal value.
- Bond holders
Bondholder is a natural or legal person who has subscribed to one or more bonds, i.e. the investor.
- Extraordinary maturity date
The calendar day specified in the Extraordinary Termination Notice by the Issuer on which the Issuer repays to the Investor the balance of the capital invested after deducting 18% of the Subscription Amount from the capital invested, without the Investor being entitled to payment of the accrued interest, or on which the Investor must pay the balance to 18% of the Subscription Amount in reverse to the Issuer.
- Bank working day
A day, other than a Saturday, Sunday or public holiday, on which the banking counters of the banks at the issuer's registered office are open for public customer transactions.
- Invested capital
With respect to each investor, the invested capital is the amount which the investor has actually paid to the Issuer with regard to the respectively selected subscription amount. If an investor has paid his or her subscription amount to the Issuer in full, the subscription amount corresponds to the invested capital.
- Capital to be invested
With respect to each investor, the capital to be invested is the amount which the investor still has to pay in addition to the already invested capital with regard to the respectively selected subscription amount. The subscription amount minus the invested capital thereby equals the capital to be invested. The amount of the thus understood capital to be invested is therefore also limited to the subscription amount.
- Final Terms
The completed terms and conditions sheet of a bond including its annexes for the respective issue.
- Maturity date
The date on which the Issuer has to redeem the partial debentures at 100 % of their denomination, unless the partial debentures have previously been fully or partially redeemed.
- FMA
Financial Market Authority in Liechtenstein and in Austria.
- Outside capital
Outside financing means the procurement of outside capital, frequently by taking out a loan.
- Global certificate
The global certificate states the bearer's name and is kept at the Depositary, certifying the debentures for the life of the bond.
- Group
The Issuer together with its future subsidiaries.
- Real estate project companies
Companies in which the Issuer participates under company law and to which it issues shareholder loans. These are referred to in the articles of association of the issuer as real estate project special purpose companies. These may be subsidiaries of the Issuer.
- ISIN
International Securities Identification Number
- Capital market liabilities
Current or future liability based on the issue of securities, bonds, debentures or other tradeable financial instruments publicly offered to an indefinite number of recipients.
- Beginning of the term
The calendar day specified in the Final Terms.
- Expiration date
The calendar day specified in the Final Terms, which also represents the last day of the payment of interest on the partial debentures.
- Ordinary maturity date
The last day of the month for which the investor has exercised his/her ordinary right of termination in compliance with the six-month notice period.
- Profit-participating loans
A participatory subordinated loan is a contract in which the lender (provides the borrower with capital and expects repayments and a corresponding interest rate in return. In the case of a subordinated participating loan, the lender participates in the success of the borrower in addition to the interest. in addition to the interest. Participatory subordinated loans are subject to qualified subordination. This means that the loan cannot or may not be repaid in the event of the borrower's insolvency.
- PGR [Personen- und Gesellschaftsrecht]
Liechtensteinian person and company law.
- Politically exposed persons
Politically exposed persons (PEPs) are persons who hold high-ranking, important offices (e.g. ministers, state secretaries, members of parliament, ambassadors or governing bodies of intergovernmental organisations). In the identity check for the prevention of money laundering, politically exposed persons are classified as higher risk and are checked more closely.
- Prospectus
The prospectus to be published before an offer to the public or admission of securities to trading on an organised market and which is intended to enable investors to evaluate the bond and the issuer.
- Surrender value
The capital invested by the investor up to the date of termination, i.e. the subscription amount or a partial termination of a portion of the subscription amount, plus interest accrued up to the redemption date. This amount must be paid by the issuer to the respective investor when the former exercises its right to ordinary (partial) termination.
- Repayment date
The date on which the Issuer will redeem the Bonds at the Redemption Amount.
- Semi-blind pool
If, at the time of publication of the prospectus, only the groups of investment properties in which the Issuer intends to invest within the scope of the investments offered are listed, but not the specific investment properties that the Issuer actually acquires, then a so-called "semi-blind pool" exists. In particular, the nature, constitution and concrete possibilities for the development of the value of the investment objects which play an important role in an investment decision are therefore unclear.
- US person
US persons are natural persons, i.e. US citizens (including dual citizens), US residents (with domicile/double domicile), holders of a permanent residence and work permit (such as a US green card) and all those who had more than 31 days of stay in the USA in the current calendar year and more than 183 days of stay in the last three years (days of stay in the current calendar year count in full (1/1), days of stay from the previous year count as 1/3 and days of stay from the year before that count as 1/6). Legal entities that are constituted or organised under US law or have their registered office in the US are also considered US persons. Persons who may be liable to tax in the USA for another reason (e.g. dual residence, joint tax return with a US person, renunciation of US citizenship or of residence permit after long-term residence or other reasons) are treated as equivalent to these US persons. The question of the US person or the US tax liability refers not only to natural persons but also to legal entities.
- US Securities Act
United States Securities Act of 1933, as amended.
- Early redemption amount
The capital already invested plus any interest accrued up to the day before repayment. This amount must be paid out to the investor in the event of an extraordinary termination by the investor.
- WpPG
Securities Prospectus Act of 23 May 2007, LGBl 2007/196 (German law).
- Subscription sum
See “Subscription amount“.
- Subscription amount
This is the amount which investors undertake to invest in the offered partial debentures. Essentially, the subscription amount is freely selectable for each investor, but must be divisible by the nominal amount of the bond. However, investors may not fall below the respective minimum subscription amount specified in the Final Terms.