Successful placement of bond 2023/2028
|
EQS-News: Deutsche Rohstoff AG
/ Key word(s): Bond
Deutsche Rohstoff AG: Successful placement of bond 2023/2028
EUR 100 million bond issue/Significantly oversubscribed/Cancellation of bond 2019/2024 Mannheim. Deutsche Rohstoff AG has successfully completed the placement of its corporate bond 2023/2028 (ISIN DE000A3510K1) with an issue volume of EUR 100 million. The volume is composed of subscriptions in the public offering and the institutional private placement as well as the exchange of the corporate bond 2019/2024 (ISIN DE000A2YN3Q8) into the new bond of Deutsche Rohstoff AG. Due to the high demand, the volume was significantly oversubscribed. The new bond has a term of five years with an annual coupon of 7.50%, which is paid semi-annually. Trading on the Open Market (Quotation Board) of the Frankfurt Stock Exchange is scheduled to start on 27 September 2023. All subscription orders submitted in the public offering via the subscription functionality of Deutsche Börse (DirectPlace) have been fully allocated up to a volume of EUR 20,000.00 and considered at 20% beyond that, with a minimum of EUR 20,000.00. The exchange offer to creditors of the corporate bond 2019/2024 for the new bond was in high demand and exchange offer subscriptions were fully allocated. Approximately 50% of the excess subscription was allocated. The transaction was executed by ICF BANK AG Wertpapierhandelsbank as sole lead manager/sole bookrunner. Deutsche Rohstoff AG will exercise its right to call and redeem the outstanding volume of the bond 2019/2024 (ISIN DE000A2YN3Q8) in the amount of 50% of its nominal value in accordance with section 5 (3) of the bond terms and conditions 2019/2024. The bearer bonds are expected to be called on 6 December 2023. They are expected to be repaid on 6 December 2023 at 101% of the nominal amount to be repaid, i.e. EUR 505.00 per bearer bond, plus interest accrued from 6 June 2023 (inclusive) to 6 December 2023 (exclusive) on half the nominal amount of EUR 500.00. After repayment, the outstanding volume of the bond will amount to approximately EUR 20.5 million. Jan-Philipp Weitz, CEO of Deutsche Rohstoff AG: “We are extremely satisfied with the placement result and are pleased with the positive response as well as the high level of interest from institutional and private investors, both in the exchange and in the new subscription. The result of the placement also underpins the confidence of the capital market in the disciplined growth of Deutsche Rohstoff AG. We can continue with the expansion of our US oil and gas business as planned and remain optimistic about our business development in the coming years.” Mannheim, 26 September 2023 Contact Deutsche Rohstoff AG Phone +49 621 490 817 0 info@rohstoff.de
26.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Deutsche Rohstoff AG |
| Q7, 24 | |
| 68161 Mannheim | |
| Germany | |
| Phone: | 0621 490 817 0 |
| Fax: | 0621 490 817 22 |
| E-mail: | gutschlag@rohstoff.de |
| Internet: | www.rohstoff.de |
| ISIN: | DE000A0XYG76, DE000A1R07G4, |
| WKN: | A0XYG7, A1R07G |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1734003 |
| End of News | EQS News Service |
|
|
1734003 26.09.2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.