HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Bond
Dissemination of an Ad-hoc-update according to § 15 WpHG, transmitted by
DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Board of Management resolves premature redemption of corporate bond
Bornheim, January 21, 2013.
The Board of Management of Hornbach-Baumarkt-AG today resolved to redeem
the corporate bond (ISIN: XS0205954778 / WKN: A0C4RP and ISIN:
XS0205955312), with an originally agreed term running until November 15,
2014, prematurely as of February 25, 2013. Consistent with the
contractually agreed termination conditions, the redemption price amounts
to 100.00%. It is planned to refinance the redemption amount, with a
nominal value of Euro 250 million, by issuing a new long-term bond. This is
to be placed on the capital market at the latest by the end of the
company’s 2012/2013 financial year (balance sheet date: February 28, 2013).
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