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Bond 2019/2024

Issuer

HÖRMANN Industries GmbH

WKN / ISIN

A2TSCH / NO0010851728

Issue volume

€ 50,000,000

Interest rate 4,500 %

Interest payment

annually, for the first time on 6 June 2020

Term

5 years

Minimum investment / Denomination

€ 1,000

Issue / Value date

6 June 2019

Issue / Redemption price

Nominal value (100 %)

Maturity

6 June 2024

Use of proceeds

Refinancing of the outstanding corporate bond (WKN A2AAZG), general corporate purposes (see securities prospectus)

Corporate rating

BB (stable), Euler Hermes Rating GmbH (October 2018)

Covenants

Change of control, Cross default, Negative pledge, Payout restrictions, Restriction on disposal, limitation on incurring further indebtedness

Type of security

Bearer bond under Norwegian law

Trustee Nordic Trustee AS
Stock exchange Open Market, Frankfurt Stock Exchange Nordic ABM, Oslo Stock Exchange
Documents 

Securities prospectus
Pricing notice