Metalcorp Group S.A.

  • WKN: A19MDV
  • ISIN: DE000A19MDV0
  • Land: Luxemburg

Nachricht vom 06.06.2017 | 17:11

Metalcorp Group closes EUR70m bond issue

DGAP-News: Metalcorp Group B.V. / Key word(s): Issue of Debt

06.06.2017 / 17:11
The issuer is solely responsible for the content of this announcement.


Metalcorp Group closes EUR70m bond issue

Amsterdam, 6 June 2017 - Metalcorp Group has closed today the issuance of its new bond. The volume of the bond which is governed by Norwegian law has been confirmed at EUR70m. It has a maturity of 5 years with an interest rate of 7.0% p.a. to be paid semi-annually in December and June of each year.

A partial amount of EUR30m out of the issue proceeds has been put on an escrow account to fund a partial buyback of the existing 8.75% bond 2013/2018 (ISIN: DE000A1HLTD2) plans of which were announced on 23rd May 2017. Metalcorp Group will provide the detailed conditions of such buyback offer shortly with the settlement date presumably being at the end of June 2017.

About Metalcorp Group B.V.:
Metalcorp Group operates in two segments, 'Steel and NF Metals Trading' and 'Production of Secondary Aluminium', where the company focuses on back-to-back transactions requiring no stock-keeping, which makes its operations effectively immune to current price trends in the international commodity markets. The company maintains an international distribution network with own offices in the ferrous and non-ferrous sectors as well as 4 production facilities in Europe. Metalcorp Group B.V.'s corporate bond 2013/2018 (ISIN: DE000A1HLTD2) is listed in the basic board segment of Deutsche Börse AG's Open Market ('Freiverkehr' of the Frankfurt Stock Exchange).

For more information:
Frank Ostermair/Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
metalcorp@better-orange.de

Ricardo Phielix (CFO)
Metalcorp Group B.V.
+31 (0) 20 890 89 00
rphielix@metalcorpgroup.com



06.06.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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