Investor Relations
The 2023/2028 bond: capital market experience – resilience – strong growth
The bond 2023/2028 of HÖRMANN Industries GmbH with a volume of EUR 50 million carries an interest rate of 7.00% and a term of five years.
Below you will find a term sheet of the bond 2023/2028 as well as a Q&A catalog with further information on the new bond of the HÖRMANN Group.
Bond 2023/2028
Issuer |
HÖRMANN Industries GmbH |
|
WKN / ISIN |
A351U9 / NO0012938325 |
|
Issue volume |
EUR 50 million |
| Interest rate (coupon) | 7.0 % |
|
Interest payment |
Annually, first on 11 July 2024 |
| Term |
5 years |
|
Denomination |
EUR 1,000 |
|
Issue/Value date |
11 July 2023 |
|
Issue/Redemption price |
Nominal amount (100%) |
|
Maturity |
11 July 2028 |
|
Use of proceeds |
Refinancing of outstanding corporate bond 2019/2024, general corporate purposes |
| Company rating | BB/Stable, Scope Ratings GmbH |
| Obligations and covenants | Quarterly reporting and other standard covenants (incl. debt limit, negative pledge, change of control, etc.) |
| Trustee | Nordic Trustee AS |
| Stock exchange segments |
|
| Documents |
Questions & Answers to the New Bond 2023 / 2028
What are the most important features of the bond 2023/2028?
The bond 2023/2028 of Hörmann Industries GmbH is a fixed-interest security with a target volume of a total nominal amount of EUR 50 million. The bond has a term of five years and carries a coupon of 7.00% p.a., which will be paid annually in arrears on June 11 (first on June 11 2024).
After the end of the term, the bond will be repaid to the bondholder on July 11 2028 at the nominal amount (100%) plus accrued interest. The bond is listed on the Open Market of the Frankfurt Stock Exchange and will be listed in the Nordic ABM segment of the Oslo Stock Exchange within 6 months from the issue date.
Is the bond be traded on the stock exchange?
Yes, the bond 2023/2028 (ISIN NO0012938325) is traded on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange. Listing in the Nordic ABM segment of the Oslo Stock Exchange is planned within 6 months from the issue date.
What is the issue volume of the bond 2023/2028?
The publicly offered notes of the bond 2023/2028 have a nominal target volume of EUR 50 million.
What is the interest rate of the bond 2023/2028?
The interest rate is 7.00% p.a. and interest is paid annually in arrears on July 11 of each year (for the first time on July 11, 2024).
May the issuer call the bond 2023/2028 early?
The issuer is entitled to call the bond 2023/2028 early in part or in full at certain defined times.
For further information, please refer to the terms and conditions of the bond in the Securities Prospectus.
Is there a rating?
The issuer has a BB/Stable rating from Scope Rating GmbH.
The current rating can be found in the “Financial Reports” section under “Rating”.
Where can I get more information about the new bond 2023/2028?
More detailed information can be found in the securities prospectus dated June 14, 2023. We are also happy to answer your questions by phone via +49 221-914 097 0 or by e-mail via hoermann@ir-on.com.