HORNBACH successfully issued a corporate bond with a volume of EUR 250 million.
- Maturity of 7 years and coupon of 3.875%
- Significantly oversubscribed deal due to strong investor demand
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN AND AUSTRALIA.
Bornheim bei Landau (Pfalz), 07. February 2013.
Today HORNBACH-Baumarkt-AG issued a EUR 250 million bond (ISIN DE000A1R02EO). The 7 year bond pays a coupon of 3.875% and was issued at a price of 99.25 % resulting in a yield of 4.00% p.a. The transaction was significantly oversubscribed on the back of strong demand from both retail intermediaries and institutional investors.
Prior to the bond issue HORNBACH-Baumarkt-AG, represented by Albrecht Hornbach, Chairman of the Advisory Board, and CFO Roland Pelka, conducted a 2-day roadshow in Frankfurt, Munich, Vienna and Zurich to introduce the group to investors.
Proceeds will also be used to refinance the outstanding bond of the company which will be earlier redeemed as per 25 February 2013. "The transaction represents an important milestone in the group's refinancing strategy and provides us with long-term security for future growth", said CFO Roland Pelka.
Joint Lead Managers and Bookrunners are Commerzbank, HSBC and UniCredit Bank.
This publication constitutes neither an offer to sell nor an invitation to buy securities. The bonds of HORNBACHBaumarkt-Aktiengesellschaft (the "Securities") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the Securities Act of 1933, as amended (the "Securities Act")) absent registration or an exemption from registration under the Securities Act. The Securities have not been and will not be registered under the Securities Act. No offer or sale of the Securities is being made to the public outside Germany, Luxembourg and Austria. The offer in Germany, Luxembourg and Austria will be made exclusively by means of and on the basis of a prospectus published and available free of charge at www.bourse.lu or www.hornbach-group.com.
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