Lamda Development: Allocation of Bond Funds

Lamda Development plans to allocate the funds raised from the bond, up to 500 million euros, mainly to projects within the Metropolitan Pole of Hellinikon, with an emphasis on residential developments until 2030.

The company expects that for the full year 2025, the positive trend in revenue from property sales and leases will continue, due to the acceleration of the implementation rate of the strategic plan, the progress of construction works, and the gradual fulfillment of the relevant execution obligations. Total receipts from the start of the project until the end of 2025 are estimated at 1.6 billion euros.

The total net proceeds of up to 485 million euros, which will result from the issuance, in case of full coverage and after deducting issuance expenses of approximately up to 15 million euros (including VAT), will be used by the company as follows: The issuer will transfer the net amount of the funds raised through a seven-year bond loan to its 100% subsidiary ΕΛΛΗΝΙΚΟ Μ.Α.Ε.

LAMDA is proceeding with the issuance of a Common Bond Loan (CBL) of up to 500 million euros, strengthening its financial base by raising capital from the domestic market. The seven-year bond loan will be offered through a Public Offering from November 12 to 14, 2025, and the bonds will be worth 1,000 euros per title.