DGAP-Adhoc: ProCredit AG & Co. KGaA is considering amendments to the conditions of outstanding bonds by majority resolutions of the holders or by contractual agreements, including the possible payment of a fee
DGAP-Ad-hoc: ProCredit Holding AG & Co. KGaA / Key word(s): Bond
ProCredit AG & Co. KGaA is considering amendments to the conditions of outstanding bonds by majority resolutions of the holders or by contractual agreements, including the possible payment of a fee
05-Jul-2022 / 10:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
ProCredit AG & Co. KGaA (ProCredit) decided to assess the chances of amendments to the terms and conditions both of the bonds listed below to be approved by majority resolutions of the relevant holders or by contractual agreements, and other debt instruments. ProCredit is also considering the payment of a fee to the participating holders in an amount of 50 bps per annum for the duration of two years. The fee would be paid as a lump sum at the time of effectiveness of the amendment to the terms and conditions of the bonds listed below. For bonds which have less than two years until maturity, participating holders would receive the fee proportionally to the remaining term to maturity.
Beside other debt instruments, the terms and conditions of the following outstanding bearer bonds are sought to be amended:
- EUR 30 million bond due 2023, ISIN: DE000A289FD2,
- EUR 30 million bond due 2024, ISIN: DE000A3E5LD7,
- EUR 25 million bond due 2027, ISIN: DE000A0N37P3,
- EUR 20 million bond due 2030, ISIN: DE000A161YW4,
- EUR 15 million bond due 2025, ISIN: DE000A3MP7Z1,
- EUR 11 million bond due 2023, ISIN: DE000A289E87,
- EUR 10 million bond due 2025, ISIN: DE000A3E47A7,
- EUR 10 million bond due 2024, ISIN: DE000A2YN7F2, and
- EUR 7 million bond due 2024, ISIN: DE000A2YN017,
which are quoted on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) at the request or with the approval of ProCredit.
Contacts:
For Equity Investors:
Christian Edgardo Dagrosa, Reporting & Controlling and Investor Relations, ProCredit Holding, Tel.: +49 69 951 437 218, e-mail: Christian.Dagrosa@procredit-group.com
For Debt Investors:
Martin Godemann, Group Funding, ProCredit Holding, Tel.: +49 69 951 437 160, e-Mail: Martin.Godemann@procredit-group.com
About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The anchor shareholders of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), the Dutch DOEN Participaties BV, KfW and IFC (part of the World Bank Group). As the group’s superordinated company according to the German Banking Act (Kreditwesengesetz), ProCredit Holding AG & Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. Further information is available on the internet at www.procredit-holding.com.
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