Xetra/FWB: Subscription Starts For DF Deutsche Forfait AG Corporate Bond

DF Deutsche Forfait AG is planning a corporate bond in Deutsche Börse’s Entry Standard. The subscription period begins today and will run until 24 May subject to early termination in case of high demand. The bond (ISIN DE000A1R1CC4) has a volume of up to €30 million, runs until 27 May 2020 and has an interest rate of 7.875 percent. Its nominal denomination is €1,000.

Trading is planned to commence on 27 May 2013. Applicant and specialist is equinet Bank AG.

“We are pleased to welcome the bond from DF Deutsche Forfait AG as the 35th corporate bond in the Entry Standard,” said Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse. “With tailor-made transparency requirements, the Entry Standard for corporate bonds provides the ideal platform for SMEs which want to raise debt capital at low cost.”

According to the company, the DF Group is active in the forfaiting business through its international sales units. Its activities focus on the non-recourse purchase and sale of receivables, especially bills of exchange, letters of credit, accounts receivable and loan receivables. In addition to forfaiting, DF Group offers clients acceptance of risk through purchase commitments.