Vedes AG is issuing a corporate bond in the Entry Standard of the Frankfurt Stock Exchange. The bond with the ISIN DE000A11QJA9 can be subscribed from today until 20 June 2014, subject to early termination of subscription. It has an issue volume of up to €20 million, runs until June 2019 and has a coupon rate of 7.125 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 24 June 2014. Applicant and specialist is Steubing AG.
“The Vedes AG bond is already the fourth bond we welcome to the Frankfurt Stock Exchange's Entry Standard this year. The Entry Standard for bonds is a simple and efficient financing alternative, particularly for small and medium-sized enterprises. This Frankfurt Stock Exchange segment is now firmly established with 55 listed bonds, and is market leader in Germany,” said Dr Cord Gebhard, Head of Primary Markets at Deutsche Börse AG.
According to own sources, VEDES AG is a leading trade organisation for toys, leisure and family in Europe. It is celebrating its 110th birthday this year. Its business activities comprise wholesale of toys and baby and leisure items, central regulation of procurement and provision of additional services.
