S.A.G. Solarstrom AG is issuing a new corporate bond in Deutsche Börse’s Entry Standard. The bond can be subscribed from today with ISIN DE000A1K0K53. The S.A.G. Solarstrom AG bond has a volume of up to €25 million, runs until July 2017 and has an interest rate of 7.5 percent. The nominal denomination is €1,000.
Trading is planned to commence on 11 July 2011.
“The first corporate bond issued by S.A.G. Solarstrom AG has been tradable in the Entry Standard since April. We are delighted that the company has chosen to issue a further bond,” commented Alexander Höptner, Head of Markets Services at Deutsche Börse. “This vote of confidence by S.A.G. Solarstrom proves that financing via the stock exchange works well for SMEs.”
“Investors profit from an attractive fixed interest rate and the positive effects of the accelerated turnaround in energy,“ says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG. “With the bond, we want to continue to expand our own photovoltaic power plant portfolio, implement our projects more quickly and lower interim financing costs. As a manufacturer-independent provider, we also benefit from the declining prices in components. That is why we are very confident that we will be able to continue our profitable growth rate as in previous years.”
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.
