Glossary / Lexicon
Glossary / Lexicon
Interest calculation method Interest is calculated on the basis of the expired days of an interest period and the actual number of days of a year as detailed in the provisions of ICMA Rule 251 (Actual/Actual).
The holders of the partial debentures or the co-ownership share in the global certificate. See also “Bond holders”.
Various partial debentures bound together.
- Bond holders
The holders of the partial debentures or the co-ownership share in the global certificate.
- Extraordinary maturity date
The calendar day set by extraordinary termination by the issuer, on which the issuer pays back to the investor the remaining amount of invested capital after the deduction of 18% of the subscription amount of the invested capital, without the investor having any claim to the accumulated interest, or on which the investor must pay the remaining balance of 18% of the subscription amount to the issuer.
- Bank working day
A day, except on a Saturday, Sunday or public holiday, when the bank counters of the Principality of Liechtenstein or the Federal Republic of Germany are open to the public for business.
- 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.
Minimum disclosures that are required to be published in summaries of securities prospectuses.
- Final Terms
The Final Terms filled in for the respective issue including their attachments.
- 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.
Finanzmarktaufsicht / Financial Market Authority.
- 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.
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.
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
Profit-participating loans are loans which involve conditional claims against the borrower; they do not include any corporate holding in the borrower. Therefore, profit-participating loans are fundamentally not bound by rights to information, control, a vote or co-determination for the lender. All receivables of the lender are qualified subordinated receivables.
- PGR [Personen- und Gesellschaftsrecht]
Liechtensteinian person and company law.
- Politically exposed persons
A person who is to be classified as a politically exposed person in accordance with the relevant applicable provisions on combating money laundering and terrorist financing.
This base prospectus including any supplements and including those documents incorporated by reference and attached to this base prospectus as an annex.
- 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 risk
The risk that the investor either cannot be repaid the subscription amount on the maturity date or in the event of termination, or can only be repaid at a later date.
- Repayment date
The next interest payment date to be calculated by the issuer, subject to the 3-month notice period, upon which the issuer shall repurchase the partial debentures at the repurchase 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
Persons who are deemed to be US persons pursuant to Regulation S of the US Securities Act and may therefore neither acquire nor hold the partial debentures in question.
- 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.
Securities Prospectus Act [Wertpapierprospektgesetz] of 23 May 2007, LGBl 2007/196.
- 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.
- Interest yield risk
The risk that the investor will not receive or only belatedly receive the conditionally agreed interest payment due to the realisation of a risk of any kind.