At Neue ZWL Zahnradwerk Leipzig there will be another bond. The new bond has a maximum volume of 15 million euros. The annual interest rate is 6.5 percent. The running time is unusual. This is only two years.
Investors in a bond that expires in 2021 can exchange their paper for the new bond. This is possible from October 14th to November 6th. For each exchanged bond, you will receive the accrued interest of 56.15 euros plus an additional amount of 10.00 euros. The “old” bond still has a volume of 14.289 million euros.
As a result, all interested investors can subscribe to the bond from November 2nd to November 13th. At the same time there will be a private placement with qualified investors. Quirin Privatbank will support the company in this.
On November 17, the bond will be listed on the Open Market (Freiverkehr) in Frankfurt.
The securities prospectus was approved by the authorities in Luxembourg today.