Corporate | 12 March 2012 14:15
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SINGULUS TECHNOLOGIES AG / Key word(s): Bond
Successful Placement: Corporate Bond of Singulus Technologies Aktiengesellschaft fully placed bond issuance on first subscription day – Interest rate of 7.75 % with a maturity of five years – Full issuance volume of EUR 60 million placed on initial subscription day Kahl am Main, March 12, 2012 – Singulus Technologies Aktiengesellschaft (SINGULUS) has successfully placed its first corporate bond in Germany, Austria and Luxembourg as well as in a private offering to neighbouring countries. Since the issuance volume of EUR 60 million was fully placed on the initial subscription day due to strong demand, the subscription period is expected to close earlier i.e. today at 15:00. Originally, the subscription period was set from 12 March 12 to 20 March 2012. The coupon of the notes is 7.75 % with a maturity of five years. There was interest from both institutional and private investors for the bond and resulted in a highly diversified investor base. Due to the earlier closing of the subscription book, trading of the notes is expected to start from 14 March 2012 onwards on the Open Market of Deutsche Börse AG in the 'Entry Standard for Bonds' segment of the Frankfurt Stock Exchange (ISIN: DE000A1MASJ4 / A1MASJ). Issuance and settlement date remains 23 March 2012. The net proceeds of the bond issue will be used by Singulus Technologies Aktiengesellschaft towards the financing of major projects in the Solar division, for expanding the system partnership with manufacturers of thin-film solar cells, for developing new products for the Solar division and also developing production systems for next-generation Blu-ray Discs. SINGULUS also intends to develop new areas of business in the field of vacuum coating technology through research and development work, as well as through acquisitions of companies or interests in companies. Dr.-Ing. Stefan Rinck, Chief Executive Officer of Singulus Technologies Aktiengesellschaft, commented: 'We are delighted at the positive response to our bond and interpret the strong demand as a sign of confidence in our company and our future-capable technologies for Blu-ray, solar and semiconductor technology.' SINGULUS' aim is to position itself as a machinery supplier and development partner for new cell concepts in the field of silicon and thin-film solar technology and to increase its market lead for dual-layer Blu-ray Disc production systems in the Optical Disc area. The company is also looking closer at industries and areas where further market segments could be tapped using its available expertise in the field of vacuum coating.
Close Brothers Seydler Bank AG, Frankfurt am Main, acted as Sole Global Coordinator and Bookrunner for the successful transaction.
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| Language: | English | |
| Company: | SINGULUS TECHNOLOGIES AG | |
| Hanauer Landstrasse 103 | ||
| 63796 Kahl am Main | ||
| Germany | ||
| Phone: | +49 (0)1709202924 | |
| Fax: | +49 (0)6188 440-110 | |
| E-mail: | bernhard.krause@go-metacom.de | |
| Internet: | www.singulus.de | |
| ISIN: | DE0007238909 | |
| WKN: | 723890 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 160188 12.03.2012 |