Bond with a coupon of 7.25% issued
In September 2010 Dürr AG issued a corporate bond (security code number WKN: A1EWGX) with an issue volume of € 150 million and a coupon of 7.25%. With the bond, which has a maturity of 5 years, Dürr has addressed private investors, asset managers and small institutional investors in particular. The bond is listed in the Open Market segment on the Frankfurt Stock Exchange and in the Stuttgart Stock Exchange’s Bondm segment.
Second tranche sold (€ 75 million)
In December 2010 Dürr reopened the corporate bond placed in September 2010 with a coupon of 7.25% with a second tranche of € 75 million, increasing the total nominal volume outstanding to € 225 million. The existing terms and conditions (e.g. interest, due date) will apply unchanged to the new tranche. The second tranche was transferred to the existing bond so now there is one bond only with one WKN/ISIN. It is intended to use the proceeds from the second tranche primarily for expanding the business in environmental and energy technology.
Old bond redeemed on October 29, 2010
Dürr AG repaid its bond issued in 2004 (security code number WKN: A0BU7S) on October 29, 2010 earlier and in full at par (plus accrued interest). To redeem the bond, Dürr used part of the proceeds the company received on September 28, 2010 from the issuance of the new bond (WKN: A1EWGX).
