Successful placement: Otto Group issues 300 million-euro bond

(PresseBox) ( Hamburg, )
Otto Group, the globally active retail and services group, has successfully placed a bond issue totalling 300 million euros with a coupon of 1.875 per cent. The bond has a term of seven years.

By subscribing to this issue, capital market investors are confirming their trust in the future of the Otto Group. Following the positive financial result of the past 2016/17 financial year, in May the Otto Group presented its strategy and growth targets for the years to come.

"We recently placed a larger bond issue in the summer of 2016. Since then, overall capital-market conditions have once again clearly improved – and we have now moved to take advantage of these", says Petra Scharner-Wolff, Chief Financial Officer Otto Group. "We are pleased at the excellent reputation that the Otto Group enjoys on the capital market, and at the trust investors place in us."

The income from the bond placement can be used for a range of business purposes. These include pursuing the Group’s investment and growth strategy, as well as investment repayments for financial instruments coming to the end of their term. The bond was issued within the framework of the European Medium Term Note Programme (EMTN Programme), which the Otto Group has used since 2013 to secure a share of the company’s financing through bond placements. The group of companies has been active on the bond market since 2009.
Für die oben stehenden Pressemitteilungen, das angezeigte Event bzw. das Stellenangebot sowie für das angezeigte Bild- und Tonmaterial ist allein der jeweils angegebene Herausgeber (siehe Firmeninfo bei Klick auf Bild/Meldungstitel oder Firmeninfo rechte Spalte) verantwortlich. Dieser ist in der Regel auch Urheber der Pressetexte sowie der angehängten Bild-, Ton- und Informationsmaterialien.
Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an service@pressebox.de.