The Bond 2023/28 bond with a coupon of 7,50%
FINANCIAL KEY FIGURES
Issuer | Deutsche Rohstoff AG |
Volume | up to EUR 100 million |
Actual volume placed | EUR 100 million |
Coupon | 7.50 % |
Stock exchange segment | Börse Frankfurt, Open Market (Quotation Board) |
Rating of the issuer | There is no rating. The issuer has been classified as eligible by Deutsche Bundesbank. |
Rank, collateralization | unsubordinated, unsecured obligations |
Interest payment mode | semi-annual, March 27 and September 27 of each year |
Denomination / issue price | EUR 1,000 / 100 % |
Maturity / Maturity date | 5 years / Sept. 27, 2028 (subject to early repayment in accordance with bond terms) |
| WKN / ISIN | A3510K, DE000A3510K1 |
Use of net issue proceeds | The bonds are issued primarily for the refinancing of the DRAG Group. To the extent that the proceeds are not or not immediately required for this purpose, the issuer intends to use the funds in the in the course of its ongoing business operations in the USA. |
| Sole Lead Manager | ICF BANK AG Wertpapierhandelsbank |
Covenants | Minimum equity ratio of 25%. Asset Covenants: Value of oil and gas reserves in the Group plus cash and cash equivalents (bank balances and marketable securities) equal to at least 200% of the total amount of outstanding notes. Negative pledge, cross default, change of control, positive pledge, restriction on disposal in each case as specified in more detail in the bond terms and conditions. |