Deutsche Commodity AG announces that the new 7.50% bond 2023/28 (ISIN DE000A3510K1, WKN A3510K) is meeting with high demand from institutional and private investors. The bond issue is already oversubscribed before the subscription closes on September 25th. According to the company, demand has already exceeded the targeted placement volume of 100 million euros.
The subscription period for the new bond runs until September 25, 2023. The exchange offer for the German Commodity Bond 2019/24 ended on September 21, 2023. The delivery/valuation and listing of the new 2023/28 bond in the Open Market of the Frankfurt Stock Exchange is scheduled for September 27, 2023.
Details about the new bond issue by Deutsche Rohstoff AG can be found on the following website:
https://www.fixed-income.org/anleihen-check/anleihen-check-deutsche-rohstoff-ag-starke-kennzahlen-starker-kupon-von-750-pa.html
A YouTube interview with CFO Henning Döring can be accessed at the following link:
https://youtu.be/W9fzYDoGrAA
Key data for the 7.50% German raw material bond 2023/28
Issuer | German Raw Materials AG |
coupon | 7.50% pa |
Interest payment | half-yearly |
Subscription deadline | September 4th – September 25th, 2023 |
Exchange deadline | August 31st – September 21st, 2023 |
Exchange bonus | 1.0% (one-off) |
Value date | September 27, 2023 |
Duration | September 27, 2028 (5 years) |
Issue volume | up to 100 million euros |
Denomination | 1,000 euros |
ISIN / WKN | DE000A3510K1 / A3510K |
Listing | Open market |
Sole Lead Manager | ICF BANK |
Selling Agents | Kepler Cheuvreux, Clarksons Securities, Bankhaus Scheich, CapSolutions |
Internet |
www.fixed-income.org
Photo: © Deutsche Rohstoff AG