Hörmann Finance GmbH is planning to list a corporate bond in the Entry Standard of the Frankfurt Stock Exchange. The bond with the ISIN DE000A1YCRD0 can be subscribed from today until 3 December, subject to early termination of subscription. It has an issue volume of up to €50 million, runs until November 2018 and has a coupon rate of 6.25 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 5 December 2013. Applicant and specialist is equinet Bank AG.
“We are delighted that Hörmann Finance GmbH is placing a corporate bond in the Frankfurt Stock Exchange's Entry Standard. The Entry Standard rules are designed so that small and medium-sized companies are not excessively burdened, while valuable information is nonetheless permanently available to investors for their investment decisions. Such information includes publication of the company's relevant key figures, a company short profile and a rating by an independent agency,” noted Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse AG.
According to company sources, the Hörmann Finance Group is divided into three business units: In its largest segment “Automotive”, which generated 89 % of group sales in 2012, Hörmann Finance delivers metal components and systems for the utility vehicle, agricultural machinery, and construction industries. The “Engineering” sector focuses on overall planning services for the construction industry, while in its “Communication” unit, Hörmann provides systems and services for all aspects of communication and alarm technology.