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Dürr AG is to top up its corporate bond in Boerse Stuttgart's Bondm segment by up to EUR 75 million, reaching a total volume of as much as EUR 225 million. The features of the new tranche remain the same with an interest rate of 7.25 percent and a maturity date in September 2015. Furthermore, the bond is still denominated in nominal units of EUR 1,000, which is ideal for the needs of private investors. From 6 December 2010 investors can directly purchase the bond in the secondary market at the Stuttgart Stock Exchange by placing a buy order through their house bank and quoting the securities ID code, WKN A1EWNJ. Dürr AG has set the issue price at 104.9 percent.
"At 104.9 the price of the new tranche is around 3.4 percent below the average price quoted in recent weeks. The first tranche of the Dürr bond has met with enormous demand among investors," says Sabine Traub, Head of Bond Trading at the Stuttgart Stock Exchange. The top-up tranche will initially have its own securities ID code (WKN). On 14 January 2011 this will probably be amalgamated with the offering of 21 September 2010 and then quoted under the WKN of the latter (A1EWGX).
Investors can buy the bond from 6 December until 17 December. At the end of the placement period or in the event of premature placement the bond - after a brief suspension period - will be actively traded in Boerse Stuttgart's Bondm segment. Further information on the Bondm trading segment and an overview of the corporate bonds traded there can be found at www.boerse-stuttgart.de.
