DGAP-News: HORNBACH-Baumarkt-Aktiengesellschaft: HORNBACH successfully issued a corporate bond
(firmenpresse) - DGAP-News: HORNBACH-Baumarkt-Aktiengesellschaft / Key word(s): Issue
of Debt
HORNBACH-Baumarkt-Aktiengesellschaft: HORNBACH successfully issued a
corporate bond
07.02.2013 / 16:08
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NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
CANADA, JAPAN AND AUSTRALIA.
HORNBACH successfully issued a corporate bond
with a volume of EUR 250 million
- Maturity of 7 years and coupon of 3.875%
- Significantly oversubscribed deal due to strong investor demand
Bornheim bei Landau (Pfalz), 07. February 2013. Today HORNBACH-Baumarkt-AG
issued a EUR 250 million bond (ISIN DE000A1R02EO). The 7 year bond pays a
coupon of 3.875% and was issued at a price of 99.25 % resulting in a yield
of 4.00% p.a. The transaction was significantly oversubscribed on the back
of strong demand from both retail intermediaries and institutional
investors.
Prior to the bond issue HORNBACH-Baumarkt-AG, represented by Albrecht
Hornbach, Chairman of the Advisory Board, and CFO Roland Pelka, conducted a
2-day roadshow in Frankfurt, Munich, Vienna and Zurich to introduce the
group to investors.
Proceeds will also be used to refinance the outstanding bond of the company
which will be earlier redeemed as per 25 February 2013. 'The transaction
represents an important milestone in the group's refinancing strategy and
provides us with long-term security for future growth', said CFO Roland
Pelka.
Joint Lead Managers and Bookrunners are Commerzbank, HSBC and UniCredit
Bank.
DISCLAIMER
This publication constitutes neither an offer to sell nor an invitation to
buy securities. The bonds of HORNBACH-Baumarkt-Aktiengesellschaft (the
'Securities') may not be offered or sold in the United States or to or for
the account or benefit of 'U.S. persons' (as such term is defined in
Regulation S under the Securities Act of 1933, as amended (the 'Securities
Act')) absent registration or an exemption from registration under the
Securities Act. The Securities have not been and will not be registered
under the Securities Act. No offer or sale of the Securities is being made
to the public outside Germany, Luxembourg and Austria. The offer in
Germany, Luxembourg and Austria will be made exclusively by means of and on
the basis of a prospectus published and available free of charge at
www.bourse.lu or www.hornbach-group.com.
About HORNBACH-Baumarkt-AG group
The HORNBACH-Baumarkt-AG Group is one of Europe's largest operators of home
improvement stores (DIY). In the 2011/2012 financial year, the company
generated net sales of EUR 3,001 million. HORNBACH-Baumarkt-AG currently
operates 138 DIY megastores with garden centers across nine European
countries, 92 of which in Germany. 46 stores are located in Austria, the
Netherlands, the Czech Republic, Switzerland, Sweden, Slovakia, Luxembourg
and Romania. With an average sales area of more than 11,500 sqm per store,
HORNBACH has underpinned its unique position in the segment of DIY
megastores with garden center in Europe. More than 14,000 individuals are
now employed at the Group.
End of Corporate News
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07.02.2013 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,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: HORNBACH-Baumarkt-Aktiengesellschaft
Hornbachstraße
76878 Bornheim bei Landau/Pfalz
Germany
Phone: +49 (0)6348 / 60 00
Fax: +49 (0)6348 / 60 40 00
E-mail: info(at)hornbach.de
Internet: www.hornbach.de
ISIN: DE0006084403
WKN: 608440
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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