Deutsche Rohstoff AG: 50% redemption of the corporate bond 2013/2018

Deutsche Rohstoff AG

Deutsche Rohstoff AG: 50% redemption of the corporate bond 2013/2018

Deutsche Rohstoff AG

Heidelberg. Deutsche Rohstoff AG announced today that it will exercise its right to redeem 50% of the outstanding corporate bond 2013/2018 (8% p.a. coupon, ISIN trading symbol: DE000A1R07G4 / WKN A1R07G) in accordance with § 8, clause 5 set out in the terms and conditions of the bond.

The debenture bonds will be terminated on 25 August 2016. They will be repaid on 26 August 2016 at 103% of their repayable nominal value, meaning EUR 515.00 per debenture bond. Further, bond holders will receive interest accrued on half of the debenture’s nominal value (EUR 500.00) between 11 July 2016 (exclusive) and 26 August 2016 (inclusive).

According to regulations of the German Stock Exchange, trading of the bond 2013/2018 will be suspended from the time of issuance of this release until the end of the following trading day. This is a standard measure. Upon completion of the partial redemption, the remaining volume of the corporate bond 2013/2018 will amount to approximately EUR 15.8m.

Heidelberg, 19 July 2016
 
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Deutsche Rohstoff identifies, develops and divests attractive resource projects in North America, Australia and Europe. The focus is on the development of oil and gas opportunities within the United States. Metals, such as gold, copper, rare earth elements, tungsten and tin complete our portfolio. For more information please visit www.rohstoff.de.

 

 

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