DGAP-Ad-hoc: BayWa AG plans issuance of hybrid bond
|
BayWa AG / Key word(s): Bond/Issue of Debt BayWa AG plans issuance of hybrid bond BayWa Aktiengesellschaft Disclosure of insider information pursuant to Art. 17 of the Market Abuse Regulation (MAR) Munich, 20 September 2017 BayWa AG is planning the issuance of a subordinated bond with an unlimited maturity and an early repayment option for the issuer after five years. The aggregate principal amount of the hybrid bond is expected to be in the lower triple-digit million range. The net proceeds from the issuance will be used, inter alia, to refinance existing indebtedness of the company. The final volume will be determined following an investor roadshow. Bookbuilding is expected to take place at the beginning of October. The hybrid bond will be listed on the regulated market of the Luxembourg Stock Exchange. A final decision on the issuance of the hybrid bond will depend on the outcome of the bookbuilding and market conditions. BayWa AG Contact: Marion Danneboom, BayWa Aktiengesellschaft, Arabellastraße 4, 81925 Munich, www.baywa.de
Contact: Marion Danneboom, BayWa AG, Head of PR/Corporate Communications/Public Affairs, tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98, e-mail: marion.danneboom@baywa.de
20-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | BayWa AG |
| Arabellastraße 4 | |
| 81925 München | |
| Germany | |
| Phone: | 089/ 9222-3691 |
| Fax: | 089/ 9222-3698 |
| E-mail: | marion.danneboom@baywa.de |
| Internet: | www.baywa.de |
| ISIN: | DE0005194062, DE0005194005, |
| WKN: | 519406, 519400, |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |
zurück