Xetra/FWB: Subscription Launch Of Alfmeier Präzision AG Bond

Subscription begins today for a corporate bond from Alfmeier Präzision AG. The bond with the ISIN DE000A1X3MA5 can be subscribed until 25 October, subject to early termination of subscription. It is subsequently to be listed in the Entry Standard of the Frankfurt Stock Exchange. It has a volume of up to €30 million, runs until October 2018 and has an interest rate of 7.5 percent. Its nominal denomination is €1,000. 

Trading is planned to commence on 29 October 2013. Applicant and specialist is Steubing AG.

“We are delighted that Alfmeier Präzision AG is placing a corporate bond in Frankfurt Stock Exchange's Entry Standard. With tailor-made transparency requirements, the Entry Standard for corporate bonds provides the ideal platform for SMEs wishing raise debt capital at low cost,” said Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse AG.

According to company information, Alfmeier Präzision AG is an internationally active company which has been developing and producing innovative and high-precision components for the automobile industry in the areas of fluid technology and seating comfort for more than 50 years. Alfmeier has production, development and sales locations in the Czech Republic, China, Korea, the USA and Mexico. The Company supplies European manufacturers, the US and Asian automobile industry and the world's leading seat, tank and brake manufacturers.