- Issue amount of EUR 50 million was placed in full
- Exchange offer accepted in the amount of EUR 25.6 million
- New subscriptions clearly exceeded expectations
- Long-term growth secured
Amsterdam, 29 September 2017 – Metalcorp Group, a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe’s leading independent producers of secondary aluminium slabs, successfully placed in full its new 2017/2022 corporate bond (ISIN: DE000A19MDV0) with private and institutional investors in the amount of EUR 50 million. The 5-year bond carries a coupon of 7%.
EUR 25.6 million of the total amount of EUR 50 million relate to the exchange offer to existing holders of the 2013/2018 bond. The remaining amount of EUR 24.4 million was generated primarily via a private placement with institutional investors.
The 2017/2022 bond is scheduled for admission to the Open Market (Freiverkehr) of the Frankfurt Stock Exchange on 2 October 2017.
BankM – Representative Office of FinTech Group Bank AG acted as Global Coordinator and Bookrunner in the issue.
Key data of the bond
| Issuer | Metalcorp Group B.V. |
| ISIN/WKN | DE000A19MDV0/A19MDV |
| Issue amount | EUR 50 million |
| Corporate rating | BB (Creditreform, March 2017) |
| Coupon | 7% p.a. |
| Issue price | 100% |
| Denomination | EUR 1,000 |
| Term | 5 years: 2 October 2017 – 2 October 2022 (excluding) |
| Stock exchange | Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange) |
| Global Coordinator and Bookrunner | BankM – Representative Office of FinTech Group Bank AG |
Important notice:
This publication constitutes neither an offer to sell nor an invitation to submit an offer to buy securities.
The securities that are the object of this publication were offered by the issuer by way of a public offer between 30 August 2017 and 22 September 2017 (exchange offer) and between 11 September 2017 and 28 September 2017 (subscription function) exclusively in the Federal Republic of Germany, the Grand Duchy of Luxembourg and the Kingdom of the Netherlands. No offer was made outside the Federal Republic of Germany, the Grand Duchy of Luxembourg and the Kingdom of the Netherlands, neither in the form of a private placement nor in the form of a public offer.
In particular, the securities have not been registered in accordance with the U.S. Securities Act of 1933 as amended from time to time (the “Securities Act“) and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.
About Metalcorp Group B.V.:
The Metalcorp Group is a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors as well as one of Europe’s leading independent producers of secondary aluminium slabs. Its core competence in all segments are so-called back-to-back transactions requiring no stock-keeping, which make the Group’s operations largely immune to price risks and neutralise other trading risks. With its subsidiaries and own offices the Group operates in 18 countries around the world and has four production facilities in Europe. The 2013/2018 bond (ISIN: DE000A1HLTD2) of Metalcorp Group B.V. is traded in the Basic Board segment of the Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange).