IMMOFINANZ started another capital market transaction on 16 January 2007 by issuing the second convertible bond in its history. This security, which was backed by 55.9 million IMMOFINANZ shares was heavily oversubscribed, and therefore closed after only several hours. The convertible bond was offered exclusively to institutional investors, and was the largest such security ever issued by a property company in Europe.

The convertible bond represents a fixed interest loan for IMMOFINANZ, which pegged the major part of the credit portfolio at a rate of 2.75%. This represents a significant cost advantage compared with the financing of investments through credits. This advantage has also grown with the steady rise in long-term interest rates since the issue.