DGAP-News: Dürr Aktiengesellschaft: Dürr corporate bond successfully increased by EUR 75 million
(firmenpresse) - DGAP-News: Dürr Aktiengesellschaft / Key word(s): Issue of Debt
Dürr Aktiengesellschaft: Dürr corporate bond successfully increased by
EUR 75 million
06.12.2010 / 15:23
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Dürr corporate bond successfully increased by EUR 75 million
Bietigheim-Bissingen, December 6, 2010 - Dürr has successfully increased
its corporate bond placed in September 2010 from EUR 150 million to EUR 225
million today. The second tranche of EUR 75 million was bought up within a
few hours by private and institutional investors on the Stuttgart Stock
Exchange. The issue price was 104.9%; investors therefore obtained a price
advantage of 3.4 percentage points versus the bond's average market price
in November (108.3%). The issue price and the coupon of 7.25% produce a
yield of 6.0%. The bond is due in September 2015.
Dürr AG's CEO Ralf Dieter commented: 'Through the second tranche, over 90%
of our debt financing is now long term. Dürr is therefore solidly financed
for the coming years and can further expand its operating business, through
internal growth as well as selected acquisitions.'
As with the first tranche in September 2010, Dürr also placed the second
tranche as a proprietary issue. The new tranche is being traded as from
today on the Stuttgart and Frankfurt stock exchanges; interest will be paid
annually.
Dürr is a mechanical and plant engineering group that holds leading
positions in the world market in its areas of operation. It generates a
good 80% of its sales in business with the automotive industry. It
furthermore supplies the aircraft, machinery, chemical, and pharmaceutical
industries with innovative production and environmental technology. The
Dürr Group operates in the market with two divisions. The Paint and
Assembly Systems division supplies production and painting technology,
especially for car bodies. Machinery and systems from the Measuring and
Process Systems division are used in engine and transmission manufacturing
and in final vehicle assembly, among other areas. Dürr has 48 business
locations in 21 countries worldwide. The Group achieved sales of EUR 1.1
billion with approximately 5,700 employees in 2009.
Contact:
Dürr Aktiengesellschaft
Günter Dielmann / Mathias Christen
Corporate Communications&Investor Relations
Phone +49 7142 78-1785 / 1381
Fax +49 7142 78-1716
Email corpcom(at)durr.com
End of Corporate News
06.12.2010 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: English
Company: Dürr Aktiengesellschaft
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Deutschland
Phone: 07142 78-1785
Fax: 07142 78-1716E-mail: investor.relations(at)durr.com
Internet: www.durr.com
ISIN: DE0005565204
WKN: 556520
Listed: Regulierter Markt in Frankfurt (Prime Standard),
Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München
End of News DGAP News-Service
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105633 06.12.2010
Datum: 06.12.2010 - 15:23 Uhr
Sprache: Deutsch
News-ID 32804
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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