Golden Gate AG, Munich, is issuing the first corporate bond in Deutsche Börse’s Entry Standard. The bond can be subscribed from today with ISIN DE000A1KQXX5. The Golden Gate AG bond has a volume of up to €30 million, runs until 2014 and has an interest rate of 6.5 percent. The nominal denomination is €1,000. The right to redeem the bond is secured by ordering certificated land charges and the interest payment commitments are hedged up to a maximum of €1,950,000 through the assignment of current and future rental income. Trading is planned to commence on 11 April.
“We are delighted that Golden Gate AG has decided to use the Entry Standard for quick and simple access to the capital market,” said Alexander Höptner, Head of Markets Services at Deutsche Börse. “Deutsche Börse’s trading platforms provide a gateway to an international network of private investors, institutional investors and traders. Deutsche Börse and its listing partners support issuers in all stages of the process – before, during and after listing.”
Issuers will benefit from the experience and expertise of over 250 trading participants and over 100 Deutsche Börse listing partners. Trading participants admitted to the Frankfurt Stock Exchange are responsible for coordination, quality control and monitoring of transparency requirements.
The bond segment applies the transparency requirements used in the Entry Standard for equities, and has extended them accordingly to include among other things a prospectus approved by a supervisory authority and the rating of a recognised rating agency, together with business performance figures that are relevant to investors. There are no formal requirements concerning company size, sectors or minimum bond volume. Non-listed companies can also place bonds via Deutsche Börse.
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