Press Releases

Six-year Haniel bond successfully placed

02/01/2012

Transaction oversubscribed more than tenfold.

Duisburg, 1 February 2012. Franz Haniel & Cie. GmbH, the strategic group holding of the Haniel Group, today issued a six-year Eurobond. The total amount issued was €400 million. The bond has a coupon of 6.25%. In parallel with this, a public repurchase offer of up to €300 million was initiated for the bond, which matures in 2014.

The bond issue was preceded by a two-day road show in the most important financial centres in Europe. “It has been shown again that foreign bond investors have a great amount of confidence in Haniel's financial solidity," explains Haniel Chief Financial Officer Dr Florian Funck. “With the bond, as well as the repurchase offer for the bond, which matures in 2014, we offered investors a long-term, attractive investment opportunity that gives us the chance to extend our maturity profile at an early stage on good terms and to refinance liabilities.”

Institutional investors subscribed to the six-year Eurobond this morning. The total amount issued was €400 million. The total amount requested was more than €5 billion. Thus the bond was more than tenfold oversubscribed. The coupon was set at 6.25%. The transaction was processed by Deutsche Bank, ING Bank und Société Générale. The security was allocated this afternoon.

“The extremely positive feedback of institutional investors in the most important European financial centres and the more than tenfold oversubscription in a short space of time are a clear confirmation of our long-term, reliable strategy and our attractive portfolio,” says Haniel CEO Prof Jürgen Kluge.