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The 2023/28 bond with a coupon of 7.50%

Graphic: Deutsche Rohstoff AG: 4th Bond
Financial key figures 
IssuerDeutsche Rohstoff AG
Volumenup to EUR 100 million
Actual volume placedEUR 100 million
Current outstanding volumeEUR 100 million (31/03/2024)
Coupon7.50 %
Stock exchange segmentBörse Frankfurt, Open Market (Quotation Board)
Rating of the issuerThere is no rating. The issuer has been classified as eligible by Deutsche Bundesbank.
Rank, collateralizationunsubordinated, unsecured obligations
Interest payment modesemi-annual, March 27 and September 27 of each year
Denomination / issue priceEUR 1,000 / 100 %
Maturity / Maturity date5 years / Sept. 27, 2028 (subject to early repayment in accordance with bond terms)
WKN / ISINA3510K, DE000A3510K1
Use of net issue proceedsThe 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 ManagerICF BANK AG Wertpapierhandelsbank
CovenantsMinimum 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

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