DGAP-News: Deutsche Rohstoff AG: Placement of a bond with 5.25% coupon p.a.
DGAP-News: Deutsche Rohstoff AG
/ Key word(s): Issue of Debt
Deutsche Rohstoff: Placement of a bond with 5.25% coupon p.a.
Mannheim. Die Deutsche Rohstoff AG ("Deutsche Rohstoff") is planning a new corporate bond placement (WKN A2YN3Q, ISIN DE000A2YN3Q8) with a volume of up to EUR 100 million. It will be the third bond of Deutsche Rohstoff. The bond 2013/2018 was repaid on time, the bond 2016/2021 has a remaining term of approximately 20 months. Both bonds constantly traded above 100 percent of their nominal value. Bond conditions and exchange offer In addition, the holders of the bond 2016/2021 (WKN A2AA05, ISIN DE000A2AA055) will receive an invitation to submit exchange offers from 11 November 2019 until 29 November 2019. Bondholders will be able to exchange each EUR 1,000 nominal value of the bond 2016/2021 for the same amount of the new bond 2019/2024. In addition, they will receive a cash payment of EUR 20 per EUR 1,000 nominal. High oil reserves and profitable wells as basis for success The secure oil reserves of Deutsche Rohstoff, which have also been confirmed by a consulting firm, amount to 29 million barrels (BOE), resulting in a further sales potential of USD 987 million and an expected cash flow of USD 340 million. From 2014 to 2018, the Deutsche Rohstoff Group achieved cumulative earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 259 million. For the coming year, the Company expects a strong increase in revenues to EUR 75 to 85 million and EBITDA to EUR 55 to 65 million due to existing and recent drilling. Global oil demand will continue to rise according to International Energy Agency The new bond 2019/2024 of Deutsche Rohstoff AG is expected to be traded at the Open Market (Quotation Board) of the Frankfurt Stock Exchange from 6 December 2019. The issuance will be accompanied by ICF BANK AG, based in Frankfurt. The share prospectus was approved today by BaFin and can be downloaded from the company's website (www.rohstoff.de/anleihe). Mannheim, 7 November 2019 Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold, copper, rare earths, tungsten and tin complete the portfolio. Further information can be found at www.rohstoff.de Contact: Deutsche Rohstoff AG
07.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Deutsche Rohstoff AG |
Q7, 24 | |
68161 Mannheim | |
Germany | |
Phone: | 0621 490 817 0 |
Fax: | 0621 490 817 22 |
E-mail: | [email protected] |
Internet: | www.rohstoff.de |
ISIN: | DE000A0XYG76, DE000A1R07G4, |
WKN: | A0XYG7, A1R07G |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 907641 |
End of News | DGAP News Service |
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907641 07.11.2019
Deutsche Rohstoff AG Aktie
Die Community sieht Deutsche Rohstoff AG leicht positiv: Mehr Buy- als Sell-Einschätzungen.
Ein leicht positives Potenzial wird für Deutsche Rohstoff AG mit einem Kursziel von 41 € im Vergleich zu 35.4 € gesehen.