DGAP-News: ADC African Development Corporation GmbH&Co. KGaA: ADC successfully places EUR 40m bonds with warrants attached
(firmenpresse) - DGAP-News: ADC African Development Corporation GmbH&Co. KGaA / Key
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ADC African Development Corporation GmbH&Co. KGaA: ADC successfully
places EUR 40m bonds with warrants attached
22.06.2012 / 16:05
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ADC African Development Corporation GmbH&Co. KGaA ('ADC'), ISIN
DE000A1E8NW9, a fast growing pan-African banking group focused on the
frontier markets of sub-Saharan Africa is pleased to announce that it has
successfully placed its EUR 40 million bonds with warrants attached both
with existing shareholders and new investors.
The bonds with warrants attached will be listed on the Frankfurt Stock
Exchange with the ISIN DE000A1PGNY4 once all approvals from the regulator
have been given. It is planned to list the cum-bonds with warrants attached
in the third quarter of this fiscal year.
The proceeds of the bonds will be used to finance the USD 50 million rights
issue of ABC Holdings Limited that is operating under the brand name
'BancABC' in five South-Eastern African countries.
Olaf Meier comments on the placement: 'We are very proud that despite
difficult macro-economic times both our existing shareholders as well as
new investors are supporting us in our growth strategy to become one of the
leading pan-African banking groups. This shows both the trust in our
strategy and performance and also the positive view on Africa that more and
more institutional investors have. We are convinced that we are offering a
good platform to institutional investors and that we will satisfy their
expectations in ADC.'
About ADC
ADC African Development Corporation (ISIN: DE000A1E8NW9; Bloomberg: AZC.GR,
www.african-development.com), a member of the Angermayer, Brumm&Lange
Group (www.abl-group.de), was established in September 2007 and aims to
become one of the leading banking groups in sub-Saharan Africa, active in
corporate and retail banking and proprietary investments. The company's
success is primarily due to its local management team, which follows
international best practice principles to further develop its operational
companies and implements conventional international processes to increase
their profitability. As the second international emerging market investor
in the world, ADC was integrated into the insurance solution offered by the
Multilateral Investment Guarantee Agency ('MIGA'), a member of the World
Bank Group, primarily due to its strong operational approach and adherence
to the highest ethical standards. This insurance offers protection against
a variety of political risks, in particular the risk of radical political
change.
Contact:
Investor Relations
investor-relations(at)african-development.com
T +49 69 719 12 80 119
End of Corporate News
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22.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: EnglishCompany: ADC African Development Corporation GmbH&Co. KGaA
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 69 719 12 80 00
Fax: +49 69 719 12 80 011
E-mail: info(at)african-development.com
Internet: www.african-development.com
ISIN: DE000A1E8NW9
WKN: A1E8NW
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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175164 22.06.2012
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Datum: 22.06.2012 - 16:05 Uhr
Sprache: Deutsch
News-ID 159148
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