Brief: Vossloh Issues 7-Year Schuldschein With 0.8% Fixed Interest Rate

Vossloh AG

12/01/2022 09:06

Jan 12 (Reuters) - VOSSLOH AG  VOSG.DE :
    * ISSUES 7-YEAR SCHULDSCHEIN LOAN WITH FIXED INTEREST RATE
OF 0.8
PERCENT PER YEAR
    * ATTRACTIVE INTEREST RATE DUE TO SUBSTANTIALLY IMPROVED
BALANCE
SHEET STRUCTURE
    * TRANSACTION OF EUR 25 MILLION SIGNIFICANTLY OVERSUBSCRIBED
    * IS USING FUNDS TO PREMATURELY REDEEM A FLOATING-RATE
SCHULDSCHEIN LOAN IN SAME AMOUNT WITH AN ORIGINAL TERM UNTIL
JULY 2024, WHICH HAD A MINIMUM INTEREST RATE OF 1.2 PERCENT PER
YEAR
    * THIS TRANSACTION, VOSSLOH AG SECURES ATTRACTIVE LONG-TERM
CONDITIONS, REDUCES ITS FINANCING COSTS AND DIVERSIFIES MATURITY
PROFILE OF DEBT CAPITAL

Source text for Eikon:  ID:nEQb7f19Ha 
Further company coverage:  VOSG.DE 

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