Spaichingen GmbH, the manufacturing enterprise from Swabia that is steeped in tradition, is issuing a corporate bond in Deutsche Börse’s Entry Standard. The bond can be subscribed from today with ISIN DE000A1KQZL5. The Spaichingen GmbH bond has a volume of up to €30 million, runs until 2016 and has an interest rate of 7.25 percent. The nominal denomination is €1,000.
Trading is planned to commence on 15 July 2011.
“We are delighted that Maschinenfabrik Spaichingen has chosen to issue a bond in the Entry Standard,” said Alexander Höptner, Head of Markets Services at Deutsche Börse. “Entry Standard bonds are particularly ideal for small and medium-sized companies to help them meet their financing requirements – even if these companies are not yet listed on the stock exchange themselves. There are no formal requirements concerning company size, sector or minimum bond volume.”
“The MS bond is an optimal financing solution for us,” said Armin Distel, CEO of Maschinenfabrik Spaichingen GmbH. “The issue proceeds will allow us to reduce interest-bearing liabilities, giving us the room to manoeuvre that we need to create the desired organic growth.”
According to information from the company, Maschinenfabrik Spaichingen GmbH is an international leader in engine and ultrasonic sealing technologies. The product range includes subassemblies and systems for engines, machines for sealing and processing plastic components, and packaging systems.
Deutsche Börse’s Entry Standard provides particularly SMEs with flexible and cost-effective access to the capital market, with equities and bonds brought together under one roof.
