Xetra/FWB: Subscription Starts For Paragon AG Corporate Bond

paragon AG is planning a corporate bond in the Entry Standard of the Frankfurt Stock Exchange. The bond with the ISIN DE000A1TND93 can be subscribed from today until 28 June, subject to early termination of subscription. It has a volume of up to €20 million, runs until 2 July 2018 and has an interest rate of 7.25 percent. Its nominal denomination is €1,000.

Trading is planned to commence on 2 July 2013. Applicant and specialist is Close Brothers Seydler Bank AG.

“We are delighted that paragon AG has decided to place a bond on the Frankfurt Stock Exchange. With tailor-made transparency requirements, the Entry Standard for corporate bonds provides the ideal platform for SMEs which want to raise debt capital at low cost,” said Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse AG.

According to information from the company, paragon AG develops, manufactures and sells electronic and electromechanical components, devices and systems for the automotive industry. The company focuses on sensors and creative solutions for interiors. paragon also develops solutions for electromobility and body kinematics systems.