Allgemeine Baugesellschaft-A. Porr AG is planning a corporate bond in Deutsche Börse’s Entry Standard. Subscription to the bond (ISIN: AT0000A0XJ15) is expected to be possible until 29 November. It has a volume of up to €50 million, with an increase option of up to €100 million. The bond runs until December 2016 and has an interest rate of 6.25 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 4 December 2012. Close Brothers Seydler Bank AG is the specialist.
“We are delighted to be admitting what will be the 25th bond in the Entry Standard for corporate bonds with Porr AG's bond. Deutsche Börse is the market leader for corporate bonds in Germany and offers companies the ability to address a large circle of international institutional and private investors in a targeted manner,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse.
“Porr is very familiar with issuing bonds. We've already successfully placed five bonds since 2005. Our experience with this financing option has always been positive. That's why we also chose a corporate bond for the current capital measure, which in addition to Austria, we are also issuing in our important home market of Germany,” said Ing. Karl-Heinz Strauss, CEO of Porr AG.
According to information provided by the company, the listed Allgemeine Baugesellschaft-A. Porr Aktiengesellschaft, founded in 1869, is one of the oldest and largest construction companies in Austria. PORR considers itself a flexible full-service construction company which offers a full range of services geared towards the requirements of the national and international markets and covering all areas from project development, building construction and civil engineering to road or tunnel construction.
Investors can find information on subscription and company figures at www.boerse-frankfurt.de/anleihen.