SIAG Schaaf Industrie AG is issuing a corporate bond in Deutsche Börse’s Entry Standard. The bond can be subscribed from today with ISIN DE000A1KRAS1. The SIAG Schaaf Industrie AG bond has a volume of up to €50 million, runs until July 2016 and has an interest rate of 9 percent. The nominal denomination is €1,000.
Trading is planned to commence on 11 July 2011.
“The SIAG Schaaf Industrie AG bond will be the sixth bond to join the Entry Standard,” said Alexander Höptner, Head of Markets Services at Deutsche Börse. “The Entry Standard provides particularly young, growing or medium-sized companies with flexible and cost-efficient access to the capital market.”
“SIAG Schaaf Industrie AG is at the centre of powerful growth in wind energy generation, especially offshore,” said CEO Rüdiger Schaaf. “As a leading technology supplier, we aim to attract both private and special institutional investors with our bond. We have therefore chosen Deutsche Börse’s Entry Standard and a rating from Standard & Poor’s.”
According to information provided by the company, SIAG Schaaf Industrie AG is one of the leading suppliers to the energy industry with plants in Germany, the Czech Republic, France, Poland, the US and Egypt.
Deutsche Börse operates one of the world’s leading trading locations and offers direct access to over 250 connected banks and over 4,500 traders globally. Deutsche Börse is the only fully-integrated stock-exchange organisation in the world, meaning that issuers benefit from a one-stop shop. Frankfurt also offers a network of over 100 capital market experts, known as the Deutsche Börse listing partners, which support issuers with advice and assistance.