on SANHA GmbH & Co. KG (isin : DE000A1TNA70)
SANHA GmbH & Co. KG Launches New 8.75% Corporate Bond
SANHA GmbH & Co. KG, a prominent piping systems manufacturer, has announced the issuance of a new corporate bond with an 8.75% annual interest rate. The bond targets a volume of up to EUR 20 million, assisting in refinancing the existing 2013/2026 bond. The securities prospectus received approval from the Luxembourg Financial Market Supervisory Authority.
The new 2024/2029 bond, set to mature in five years, aims to partially redeem the previous bond of EUR 33.7 million. Bondholders of the 2013/2026 issue are offered an exchange for new bonds, along with a cash settlement of EUR 30.00 per exchanged bond.
The subscription via the SANHA website starts on 5 November 2024, while the Frankfurt Stock Exchange's option begins on 18 November 2024. SANHA seeks to diversify its funding structure and enhance its financial resilience.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all SANHA GmbH & Co. KG news