Intercontinental International REIC (the Issuer) announces, in accordance with Article 17 (Disclosure of Privileged Information) of Regulation (EU) 596/2014 on market abuse (market abuse regulation) to its shareholders and investors, that under an existing loan agreement under a bond loan facility according to Greek L.4548/2018 amounting to 40 million euros, to be covered gradually through private placements by EUROBANK, on 27.07.2021 proceeded with a 2nd issue of bonds up to the amount of 7,000,000 euro, which were fully covered by the bank mentioned above. The loan has a maturity of up to 5 years, provided that the usual typical for such transactions financial obligations are met. Each subscription is made based on first-class mortgage of real estate properties and other related collateral on the proceeds from the exploitation of the specific properties from the Company’s portfolio. The amount of the above-mentioned bond issuance is already used entirely for the partial financing of the concluded full repayment of the price of euro 8,086,970.00 for the acquisition by the Issuer of the full ownership of a commercial two-storey building with basements (supermarket). The surface of the building is 4,408.32 sq.m. which makes use of surrounding parking area in also fully acquired land plots. The total surface of the three land plots comprising the property is 5,663.58 sq.m. and are in 1 Xintara Bros & Str. Marathonos Av. (Supermarket), 3 Xintara Bros Str. and 5 Xintara Bros Str. (both used as parking spaces), Pikermi area, Attica.
