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Haniel issues seven-year euro benchmark bond


Bond principal totals 500 million euros.

Duisburg, January 21, 2010. Franz Haniel & Cie. GmbH, the Holding Company of the Haniel Group, will today issue a euro benchmark bond. The issuing volume is 500 million euros. The bond has a term of seven years.

The bond is available for subscription by European institutional investors. The allotment amounts are to be determined today. The issue is being handled by Calyon, UniCredit, BayernLB, HeLaBa and LBBW.

"We are using the bond to decrease bank liabilities and thus underpin our financing structure," explains Haniel Managing Board member Stefan Meister. In particular, the inflow of funds from the bond is to be employed to discharge the full amount of liabilities of Haniel Beteiligungsfinanzierungs-GmbH & Co. KG, a fully consolidated subsidiary of the Holding Company. This company was used by Haniel to finance the acquisition of 16 per cent METRO AG shares in 2007. A part of the original financing, in the amount of 1 billion euros, has already been repaid from the proceeds of an earlier euro benchmark bond.

On October 15, 2009, Haniel issued a euro benchmark bond with a total volume of 1 billion euros. It had a term of five years and a coupon of 6.75 per cent. The issue generated tremendous interest among financial investors, especially fund companies and insurers, and was many times oversubscribed.

"With the issuance of bonds we reinforce our financing structure long-term and establish the fundamental platform to undertake forward-looking portfolio measures at the given time," says Haniel Chairman Prof. Jürgen Kluge.