Brief: MEDIQON Group To Issue Bond With Face Value Of Up To Eur 25 Mln

CHAPTERS AG

12/05/2020 06:57

May 12 (Reuters) - MEDIQON Group AG  MCEG.DE :
    * SAID ON MONDAY DECIDES TO ISSUE A BOND WITH A MAXIMUM FACE
VALUE
OF EUR 25 MILLION AS PART OF A PRIVATE PLACEMENT
    * BOND WILL BE DESIGNED AS AN ETERNITY BOND WITH UNILATERAL
RIGHT
OF TERMINATION BY THE COMPANY
    * STARTING FIVE YEARS AFTER THE ISSUE, AN INTEREST RATE OF
7% P.A.
TO FOLLOW
    * COMPANY PLANS TO PLACE THE BOND AT A DISCOUNT BELOW THE
NOMINAL
VALUE AND IS AIMING FOR A MINIMUM ISSUE PRICE OF 65% OF THE
NOMINAL VALUE
    * PRICING IS CARRIED OUT IN FORM OF BOOKBUILDING AS PART OF
THE
PRIVATE PLACEMENT
    * PLANS TO USE THE PROCEEDS FROM THE BOND ISSUE FOR THE
EXPANSION
OF INVESTMENT ACTIVITIES COMMUNICATED IN THE 2019 ANNUAL REPORT

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ5TjK3Ja
    
 Further company coverage:  MCEG.DE  
   


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