paragon GmbH & Co KGaA (PGN); will issue a bond with a minimum volume of CHF30m

Published on 02-04-2019 11:16:00
Author Sparks Team

Today paragon announced that it will issue a 5-year bond with a minimum volume of CHF30m and a possibility to increase it to a total of up to CHF40m. The company will use the net proceeds to finance further growth in the automotive sector, fund construction work in Delbrück and refinance its existing liabilities.

The bond’s coupon rate will stand at 3.625-4.125% per annum and be offered in Switzerland . The issue is expected on 23 April 2019. paragon anticipates that it will communicate the final issue amount and the bond’s coupon on 5 April 2019, which will be dependent on demand and general market conditions.

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