German Pellets GmbH is issuing a corporate bond in the Prime Standard of the Frankfurt Stock Exchange. The bond with the ISIN DE000A13R5N7 can be subscribed from today until 24 November 2014, subject to early termination of subscription. It has an issue volume of up to €100 million with an option to increase by up to €30 million. The corporate bond runs for five year and has a coupon rate of 7.25 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 27 November 2014. Applicant is quirin bank and specialist is Steubing AG.
German Pellets GmbH is one of the world's largest manufacturers and traders of wood pellets. According to own sources, the company is planning to use the net proceeds firstly for refinancing the 2011/16 corporate bond, secondly for
