DGAP-News: Asklepios issues first 150 million Euros corporate bond and gains access to capital market. 7 year term / 4.0 percent coupon
(firmenpresse) - Asklepios Kliniken GmbH / Key word(s): Issue of Debt
22.09.2010 03:45
---------------------------------------------------------------------------
Hamburg, September 22nd, 2010. The Asklepios Group has issued the first
corporate bond with volume of 150 million Euros and fulfilled a strategic
move towards the capital markets. The bond was placed on attractive terms
with investors in Germany and other European countries. It has a fixed 4.0
percent interest coupon and the maturity date is September 28, 2017.
The hospital group, which is one of the three largest operators of private
hospitals in Germany with a market share of more than 20 percent, will use
the proceeds to refinance existing financial obligations and finance
further corporate development.
Stephan Leonard, Group Managing Director and CFO of Asklepios Group, said:
'We are pleased with successful placement of our first corporate bond. We
have achieved our goal to open up a new broad source of financing via the
capital markets and to extend our maturity profile. The interest of
investors, especially in European markets outside Germany was decidedly
high. In light of or very solid financial footing and our existing
substantial financial resources our focus was more on securing favorable
terms than placing a large volume. Following the placement, we will have
financial resources in excess of 600 million Euros available to use for
further growth, investment and refinancing.'
With a seven year term and a spread of 165 basis points over the
corresponding swap rate, Asklepios was able to secure advantageous terms
without an external credit rating. This result was supported by the
outstanding financial strength, stable business model and leading market
position of the company. More than a third of the offering was placed
outside Germany, mainly in the UK, Switzerland and Austria. Institutional
fund managers subscribed to about 50 percent of the bond offering and the
transaction benefited from a strong demand by retail investors.
The banking consortium mandated for the bond issue consisted of Commerzbank
AG, Deutsche Bank AG and West LB (Joint Lead Managers). The bond will be
traded on the regulated market of the Luxembourg stock exchange (ISIN
XS0542428833) with a denomination of 1,000 Euros each.
www.asklepios.com
Dr. Kai Gregor Klinger
Director - Investor Relations&Corporate Finance
Asklepios Kliniken GmbH
Tel.: +49 (6174) 90 1192 - Fax: +49 (6174) 90 1110
k.klinger(at)asklepios.com
22.09.2010 03:45 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
---------------------------------------------------------------------------
Datum: 22.09.2010 - 03:45 Uhr
Sprache: Deutsch
News-ID 32227
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 211 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Asklepios issues first 150 million Euros corporate bond and gains access to capital market. 7 year term / 4.0 percent coupon"
steht unter der journalistisch-redaktionellen Verantwortung von
Asklepios Kliniken GmbH (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
