Strenesse AG successfully places corporate bondNach oben
Strenesse AG, provider of premium designer fashion and accessories for men and women, has successfully placed a corporate bond to the value of 12 million euros in the European Economic Area and Switzerland by means of a private placement.
The private placement is aimed exclusively at institutional investors. The corporate bond (ISIN: DE00A1TM7E4 / WKN: A1TM7E) has an interest rate of 9.0% and a maturity of one year. The inclusion of the bond on the open market of Deutsche Börse AG (over-thecounter market of the Frankfurt stock exchange) is planned for 18 March 2013. The issue and value date is 15 March 2013.
Strenesse plans to utilise the net issue revenue primarily to dissolve financial liabilities, pursue the strategic redirection and continue to grow the company. "We want to focus on our strengths. In this respect, we hope to reinforce the Strenesse brand even further while at the same time developing it and maintaining a high profile," explains Luca Strehle, CEO of Strenesse AG. "This goes hand in hand with our international expansion, with plans for store openings in Eastern Europe and Asia," continues Strehle.
The transaction has been accompanied by Close Brothers Seydler Bank AG, Frankfurt am Main as the sole global coordinator and book runner and by Conpair AG, Essen as the financial advisor.
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