DGAP-News: Symrise has issued a € 500 million bond
DGAP-News: Symrise AG
/ Key word(s): Bond
Symrise AG has successfully completed the issue of a bond on the European capital market. The bond with a volume of € 500 million was several times oversubscribed and was financed at very attractive conditions. It will be used to refinance the two maturities in autumn at an early stage. Olaf Klinger, Chief Financial Officer of Symrise AG, said: "We are pleased about the good placement success for our latest Symrise bond. The high demand for our current issue underlines the confidence in our sustainable business model and our solid financing structure. " The Eurobond has a term of 7 years and a coupon of 1.375 %. The placement was accompanied by a banking syndicate consisting of Commerzbank, Deutsche Bank, LBBW and Rabobank. It will be admitted to trading on the regulated market of the Luxembourg Stock Exchange with a denomination of € 1,000 (ISIN XS2195096420). About Symrise: Symrise is a global supplier of fragrances, flavors, food, nutrition and cosmetic ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, pharmaceuticals and producers of nutritional supplements and pet food. Its sales of approximately € 3.4 billion in the 2019 fiscal year make Symrise a leading global provider. Headquartered in Holzminden, Germany, the Group is represented by more than 100 locations in Europe, Africa, the Middle East, Asia, the United States and Latin America. Symrise works with its clients to develop new ideas and market-ready concepts for products that form an integral part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process. Symrise - always inspiring more .
Symrise Contact Media: Symrise Contact Investors: Christina Witter Tobias Erfurth Symrise Social Media: twitter.com/symriseag linkedin.com/company/Symrise
24.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Symrise AG |
Mühlenfeldstraße 1 | |
37603 Holzminden | |
Germany | |
Phone: | +49 (0)5531 90 0 |
E-mail: | [email protected] |
Internet: | www.symrise.com |
ISIN: | DE000SYM9999, DE000SYM7787, DE000SYM7704 |
WKN: | SYM999 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1077259 |
End of News | DGAP News Service |
|
1077259 24.06.2020
Symrise AG Stock
Currently there is a rather positive sentiment for Symrise AG with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 115 € shows a slightly positive potential of 2.95% compared to the current price of 111.7 € for Symrise AG.