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RENA GmbH is launching a corporate bond in the Entry Standard of the Frankfurt Stock Exchange. The bond with the ISIN DE000A1TNHG1 can be subscribed from today until prospectively 9 July, subject to early termination of subscription. The bond has an issue volume of up to €40 million with the possibility of an increase of up to €10 million. It runs until 9 July 2018 and bears an interest rate of 8.25 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 10 July 2013. IKB Deutsche Industriebank AG is the applicant and Baader Bank AG is the specialist.
“We are delighted that RENA GmbH is listing a corporate bond in Frankfurt Stock Exchange's Entry Standard. The Entry Standard for corporate bonds is the ideal platform to access cost-effective financing, including for companies that are not listed on the stock exchange themselves,” said Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse.
According to information from the company, RENA GmbH is a leading supplier of production equipment and plants, primarily for water treatment and wet chemical surface treatment. RENA products are used for water, waste water and chemical treatment, and for surface treatment of objects including solar cells, semiconductor wafers and tooth implants with wet chemistry or water. RENA produces standard equipment and plants with process guarantees as well as customised equipment and plants.
Investors can find information on subscription and company figures at www.boerse-frankfurt.de/en/entrystandardbonds.
