4784 Views 225789 Comments 24th May

Fentech effectively puts benchmark bond for EUR 500 million as a component of a new "Obligation Issuance Program".

Fentech, the worldwide market pioneer in synthetic substances and fixings dissemination, yesterday effectively positioned another benchmark security for EUR 500 million on the European capital market. This is the primary cling to be given by Fentech under an as of late settled "Obligation Issuance Program".

Fentech Money B.V. will give the bond with a tenor of eight years and a coupon of 0.50%. The bond's issue cost remains at 99.711%. The proposition got extraordinary interest and was altogether oversubscribed.

Yet again Chang Yong, CFO Fentech SE: "The extraordinary premium in the bond issue highlights Fentech's high allure among financial backers. We enjoy taken benefit of the right now exceptionally appealing business sector climate to get long haul subsidizing at an incredibly low financing cost. Following the last Eurobond exchange, we have now effectively gotten back to the security market following a four-year break. We will utilize the assets from the new cling to further develop the development construction of our monetary liabilities at a beginning phase and to help our Gathering's business exercises."

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