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16/11/2016 13:42:56
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Börse Frankfurt News

Trading start in Entry Standard for new Hörmann Finance bond

A new bond issued by Hörmann Finance has been included into trading after the bond was in subscription at Frankfurt Stock Exchange for a few hours yesterday.
16 November 2016. FRANKFURT (Börse Frankfurt). Hörmann Finance, a industrial supplier issued a new corporate bond, which completely placed on the first day of the subscription. Originally the drawing period was meant to have run from 15 to 17 November. The issue volume is being used for the early redemption of the outstanding bond 2013/2018 (ISIN DE000A1YCRD0).

The new bond has an issue volume of 30 million euros. The maturity is five years, the interest rate 4.50 percent. The nominal denomination is €1,000. The issuance was accompanied by IKB Deutsche Industriebank AG and equinet Bank AG.

According to information provided by the company, the technology specialist Hörmann Finance GmbH is responsible for more than 15 subsidiaries in the three business segments automotive, engineering and service communication. In the 2015 financial year, the company generated sales of around 435 million euros with 2,283 employees and an EBIT of 11.9 million euros.

© 16 November 2016 - Deutsche Börse AG