earlier this month<\/a>.<\/p>\nThe proceeds from the issue will not only be used to aid the company\u2019s growth, but also used to refinance the Corporate Bond 2018\/2023.<\/p>\n
DEAG\u2019s offering consisted of an exchange offer including a multiple purchase option to the creditors of the Corporate Bond 2018\/2023, a public offering via subscription through capital market company Deutsche B\u00f6rse and a private placement.<\/p>\n
The volume tendered for exchange amounts to roughly 30% of the outstanding bond and will be allocated at approximately 65%.<\/p>\n
Professor Peter Schwenkow, chief executive of DEAG, said: \u201cDEAG\u2019s operational strength, its strategy and our company\u2019s positive prospects have convinced investors. I am extremely satisfied with the success of the bond placement, for which national and international demand was extremely high. We will continue our growth course and I am convinced that we will soon be welcoming new companies to the DEAG family, opening up more new markets and thus further expanding our strong market position in Europe.\u201d<\/p>\n
Roman Velke, DEAG\u2019s chief financial officer, added: \u201cWe would like to thank all investors for the confidence they have shown in DEAG. The response from Germany and abroad was equally high. This bond offers investors an attractive investment opportunity and at the same time secures an attractive financing instrument for DEAG as part of our capital mix to finance additional growth in the years ahead.\u201d<\/p>\n
All subscription orders submitted through the public offering via Deutsche B\u00f6rse\u2019s Direct Place platform have been allocated in full up to a volume of \u20ac5,000 per order, and 25% for order volumes above this up to a maximum volume of \u20ac25,000.<\/p>\n
The DEAG Corporate Bond has a term of three years. The issuance of the bond was accompanied by IKB Deutsche Industriebank AG and Pareto Securities AS, Frankfurt Branch, as joint lead managers.<\/p>\n
The inclusion of the bond in stock exchange trading on the Open Market of Deutsche B\u00f6rse AG is set for July 12. It is expected that trading will commence today (Tuesday) and the inclusion in the Nordic ABM, a self-regulated marketplace organised and operated by the Oslo Stock Exchange, will be obtained within six months after issuance of the bond.<\/p>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"[ad_1] DEAG Deutsche Entertainment (DEAG) has successfully completed the placement of its Corporate Bond, with an issue volume of \u20ac50m (\u00a343m\/$55m).\u00a0 The issue was oversubscribed and the offering was terminated earlier yesterday (Monday). The annual fixed interest rate was set at 8% during the book building process. DEAG announced the issuance of the Corporate Bond … <\/p>\n","protected":false},"author":1,"featured_media":4730,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4803,435,4804,144,1847,1372],"tags":[],"class_list":["post-4729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-bond","category-deag","category-deutsche-borse","category-finance","category-industry","category-market"],"_links":{"self":[{"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/posts\/4729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/comments?post=4729"}],"version-history":[{"count":0,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/posts\/4729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/media\/4730"}],"wp:attachment":[{"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/media?parent=4729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/categories?post=4729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.goticketly.com\/index.php\/wp-json\/wp\/v2\/tags?post=4729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}