The German fashion company Steilmann-Boecker Fashion Point GmbH & Co. KG is planning a corporate bond in Deutsche Börse's Entry Standard. The bond can be subscribed from today with ISIN DE000A1PGWZ2. The Steilmann-Boecker bond has an issue volume of up to €30 million with a term of five years. The bond’s interest rate is 6.75 percent and the nominal denomination €1,000.
Admission to trading is planned for 27 June 2012.
"We welcome the Steilmann-Boecker bond to Deutsche Börse's Entry Standard. This is the seventh new bond already this year to be listed in Frankfurt. Particularly in the ongoing difficult market environment, our bond segment is establishing itself as a real alternative for raising debt capital," said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse.
"We have been growing more strongly than the market for several years. With the corporate bond from Steilmann-Boecker, investors can participate in a sound, fast-growing fashion company, which combines the advantages of a major European textiles group as parent company with important factors for success such as client proximity and service quality," said managing director Dr Michele Puller. "As Germany's leading stock exchange, Frankfurt offers us the perfect segment with the Entry Standard for bonds."
Steilmann-Boecker Fashion Point GmbH & Co. KG is headquartered in Herne and describes itself as a German fashion company with a long tradition. There are ten Boecker stores and five factory outlet stores, primarily in the North Rhine-Westphalia and Rhineland-Palatinate regions of Germany. Steilmann-Boecker is part of Steilmann Holding AG (formally Miro Radici AG), a European fashion company with 7,000 employees worldwide and annual turnover of €700 million.