Brief: OTI Greentech issues first tranche of convertible bond

OTI Greentech AG

06/05/2015 08:45

May 6 (Reuters) - OTI Greentech AG  NSAG.D  
    * Successfully issues first tranche of convertible bond 
    * 1.9 million euros ($2.14 million) of total of 4.0 million 
euros already placed 
    * Convertible bond will be admitted to trading on stuttgart 
stock exchange 
    * Bond carries a coupon of 8.5 pct per annum, paid 
semi-annually, as well as a right to convert into common stock 
of OTI Greentech at a conversion price of 1.65 euros 
    * Will use proceeds from bond towards increasing operational 
resources in order to support growth of company 
 
Source text for Eikon:  ID:nEQ6Gq8Lva  
Further company coverage:  NSAG.D  
 
($1 = 0.8887 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))