Brief: DEAG Deutsche Entertainment Announces Possible Increase In Interest Rate Of Corporate Bond 2018/2023

Deag Deutsche Entertainment AG

24/03/2022 14:02

March 24 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG
 LOUn.H :
    * POSSIBLE INCREASE IN INTEREST RATE OF CORPORATE BOND
2018/2023
    * INTEREST RATE ON 2018/2023 CORPORATE BOND WOULD THUS
INCREASE BY
0.5 PERCENTAGE POINTS TO 6.5% P.A. AS OF 1 NOVEMBER 2022,
PROVIDED THAT EQUITY RATIO OF 15% IS NOT EXCEEDED AGAIN IN 2022
HALF-YEAR FINANCIAL REPORT
    * GROUP'S EQUITY IS EXPECTED TO INCREASE TO APPROXIMATELY
EUR 30
MILLION AND THUS BE EUR 8.5 MILLION ABOVE PREVIOUS YEAR (2020:
EUR 21.5 MILLION)
    * WITH A RELATIVE REDUCTION IN EQUITY RATIO, GROUP'S EQUITY
IS
EXPECTED TO INCREASE TO APPROXIMATELY EUR 30 MILLION AND THUS BE
EUR 8.5 MILLION ABOVE PREVIOUS YEAR (2020: EUR 21.5 MILLION)
    * EQUITY WILL MOST LIKELY BE STRENGTHENED EVEN FURTHER AS
DEAG
ANTICIPATES A SIGNIFICANT RETURN TO NORMAL AND REVIVAL OF
OPERATING ACTIVITIES IN MONTHS AHEAD

Source text for Eikon:  ID:nEQ708fra 
Further company coverage:  LOUn.H 

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