Friday, 15 May 2015
In this regard, Lenzing AG succeeded in attaining an extremely favorable interest rate averaging 1.43%, with an average term to maturity of slightly less than seven years. The transaction was strongly oversubscribed. The German Private Placement (Schuldscheine) was offered with a term to maturity of five to seven years, in each case at fixed and variable interest rates, as well as a term to maturity of ten years but only at a fixed interest rate.
"This successful issuing of a German Private Placement (Schuldschein) represents a vote of confidence on the part of the capital market, which positively assesses Lenzing's long-term prospects. In this way, Lenzing has secured borrowed capital at a historically low interest rate for the upcoming years", says Thomas Riegler, Chief Financial Officer of Lenzing AG.
Download press release as PDF
For more information please contact:
Angelika Guldt
Head of Corporate Communications
Phone: +43 (0) 7672 701-2713
E-mail: a.guldt@lenzing.com
Stephanie Kniep
Head of Investor Relations
Phone: +43 (0) 7672 701-4032
E-mail: s.kniep@lenzing.com
distributed by |