Deutsche Beteiligungs AG Plans to Issue €100 Million Convertible Bonds Due 2030

Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7) has announced its intention to issue convertible bonds worth 100 million euros, maturing in 2030. This plan has been approved by the company's Board of Management and Supervisory Board.

The convertible bonds, which can be converted into new or existing shares, will be issued at par value with a denomination of 100,000 euros each. They carry a fixed interest rate between 5.0% and 5.5% per annum and have a maturity of 5.5 years. The conversion premium is expected to be set between 22.5% and 27.5% of the reference share price.

The issuance targets institutional investors outside the United States through an accelerated bookbuilding process. Existing shareholders’ pre-emptive rights have been excluded. The bonds are expected to be issued around 5 July 2024 and will be redeemable under specific conditions.

Rossmann Beteiligungs GmbH and members of the Board of Management have shown interest in participating in this placement. The net proceeds will be used for co-investments and general corporate purposes.