Gubor Schokoladen Cancels 2024/2029 Bond Issuance

Dettingen unter Teck, 4 December 2024 – Gubor Schokoladen GmbH has announced the cancellation of its 2024/2029 corporate bond issuance. This decision follows an assessment that the placement volume failed to meet corporate expectations. The move is intended to ensure optimal financing conditions for the group.

CEO Claus Cersovsky expressed gratitude to investors for their feedback, acknowledging that while the feedback was positive, the bond's credit metrics and structure were not completely convincing. CFO Udo Zimmer mentioned the value of this feedback in adjusting to market demands for future transactions. Gubor remains confident about its long-term goals, including enhancing its financing strategies.

Interest during the bond roadshow was notable, with approximately 120 meetings. The management emphasized the strong business model, loyal customer relationships, and brand recognition as key strengths. Gubor aims to sustain growth through strategic acquisitions and investments in advanced production facilities.