on Deutsche Rohstoff AG (ETR:DR0)
Deutsche Rohstoff AG Expands Corporate Bond by EUR 40 Million
Deutsche Rohstoff AG has successfully increased its corporate bond by EUR 40 million, bringing the total to EUR 140 million. This expansion was executed through a private placement with institutional investors. The bond, set to mature at the end of September 2028, was offered close to the current market price, resulting in an effective coupon below 7%.
The additional funds will aid in reducing the company's drawn credit line in the US, while maintaining liquidity for growth and opportunities. CEO Jan-Philipp Weitz expressed satisfaction, highlighting the demand exceeded expectations despite market uncertainty. The move underscores the company's strong market reputation.
The transaction was managed by Montega Markets GmbH, with joint lead managers Wolfgang Steubing AG and B.Metzler seel. Sohn & Co.
R. P.
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