Homann Holzwerkstoffe GmbH is planning a corporate bond in Deutsche Börse’s Entry Standard. The bond (ISIN: DE000A1R0VD4) has a volume of €50 million, runs until December 2017 and has an interest rate of 7.00 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 14 December 2012. Close Brothers Seydler Bank AG is the specialist.
“We welcome Homann Holzwerkstoff GmbH's planned bond to the Entry Standard for bonds. The segment has developed into an established market place which was the first choice of the majority of issuers this year,” said Barbara Georg, Head of Listing and Issuer Services at Deutsche Börse.
“We intend to use the inflowing funds from the bond issue to promote further internal and external growth”, said Fritz Homan, CEO of Homann Holzwerkstoffe GmbH. “We focus in particular on investing in the extension and the modernization of the finishing plant located in Krosno, Poland, and we intend to expand our present capacities by acquiring further companies and production facilities.”
Homann Holzwerkstoffe GmbH describes itself as one of the leading fibreboard manufacturers in the European wood products industry. The group of companies has been managed by the Homann family for four generations and has developed into a leading manufacturer of thin, high quality, medium-density fibreboard (MDF) and high-density fibreboard (HDF) for the furniture, door and laminate industry in western and eastern Europe. Clients include a multitude of the best known furniture manufacturers worldwide as well as numerous SMEs and large companies from the door and laminate industry, both in Germany and abroad.
Investors can find information on subscription and company figures at www.boerse-frankfurt.de/anleihen.
