Corporate Bond / Syndicated Loan
At the beginning of July 2004 Dürr issued a corporate bond with a volume of € 200 million. The fixed-interest and subordinated bond has a term through 2011 and a coupon of 9.75%.
Dürr bought back 50% of the bond volume effective as at October 15, 2008. The 50% tranche was paid back at 105.25% plus interest incurred. Dürr plans to buy back the remaining 50% of the bond as soon as capital market conditions allow us to refinance the bond at better conditions.
In addition, the Dürr Group has credit and guarantee lines to cover financing on a long-term basis (duration until September 2011). The credit line for the syndicated loan stands at € 180 million. The guarantee line stands at € 220 million.
| Dürr AG Corporate Bond | |
|---|---|
WKN | A0BU7S |
ISIN (Reg S) | XS0195957658 |
ISIN (144a) | XS0195957815 |
Maturity | until July 15, 2011 |
Coupon | 9.75 % |
Issue price | 96.33 % |
Repayment | callable from July 15, 2009 at a rate of 102,625% |
Intererst payment | semiannual at 15th of January / 15th of July |
Nominal value | EUR 1,000.00 |
Managing banks |
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