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PORR AG is planning to list a corporate bond in the Entry Standard of the Frankfurt Stock Exchange. The bond with the ISIN DE000A1HSNV2 can be subscribed from today until 22 November, subject to early termination of subscription. It has an issue volume of up to €50 million, runs until November 2018 and has an interest rate of 6.25 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 26 November 2013. Applicant and specialist is Steubing AG.
“We are delighted that PORR AG is placing a corporate bond in the Frankfurt Stock Exchange's Entry Standard for the second time. The Entry Standard for corporate bonds has meanwhile become established as a market leader in Germany and is also increasingly interesting for foreign companies. The Frankfurt Stock exchange once again proved its effectiveness for raising debt capital by the real economy by directly addressing a broad investor base,” said Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse.
Founded in 1869, PORR AG is one of Austria's largest construction companies with a long-standing tradition. It is a flexible full-service construction company with upstream project development as well as downstream property and facilities management. The PORR Group offers all construction services from building construction and civil engineering, to traffic and tunnel construction. In addition to its activities in its domestic markets Austria, Germany, Switzerland, Poland and the Czech Republic, the PORR Group also selectively executes construction projects in Central, Eastern and Southeastern European countries as well as in Qatar, Oman and Saudi Arabia.
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