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From 2 September private investors had the opportunity to subscribe to an SME bond from the Hamburg-based company, KTG Agrar AG, in Boerse Stuttgart's Bondm segment. Strong demand brought the offering to an early close through allocation at 17.00 hours on 6 September with the subscription period lasting only three days.
Many investors obviously wished to benefit from the advantage of subscribing to the bond at the issue price as this is usually lower than the price at which a bond is first quoted on the stock exchange. "The success of this issue shows that we took the right decision in launching the Bondm segment. The strong demand shown by private investors and by small and medium-sized enterprises (SMEs) is a sign that this segment has filled a gap in the market. We are very pleased about this success," said Sabine Traub, Head of Bond Trading at Boerse Stuttgart.
The bond has been fully placed with a total volume of EUR 25 million and will be listed in Boerse Stuttgart's special segment for SMEs, Bondm, from today. Investors can find detailed information about this trading segment and the bonds traded there on Boerse Stuttgart's website. Boerse Stuttgart TV and the Bonds weekly newsletter also provide information about bonds and forthcoming new issues.
