on Nanohale AG (ETR:FYB)
Strong Demand Leads to Early Closing of Formycon Bond Subscription
Formycon AG has announced an early closure of the subscription period for its 2025/2029 bond. High demand from institutional investors accelerated the process. The public offering will now conclude on June 26, 2025, with subscriptions via their website closing at 11:59 p.m. CEST. Deutsche Börse's DirectPlace remains open until midday on June 27, 2025.
The bond offers a variable interest rate, combining the three-month EURIBOR with a margin between 7.0% and 7.5%. The margin will be finalized based on subscription offers by June 27. This issuance signifies a strategic milestone for Formycon, enhancing financial flexibility and diversifying its investor base.
The company plans to list these bonds on Frankfurt’s Stock Exchange and apply for Euronext ABM admission, bolstering its market presence. Institutional interest underscores trust in Formycon's sustainable business model and strategic direction.
R. E.
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