DGAP-Adhoc: SPORTTOTAL AG issues bearer bond
DGAP-Ad-hoc: SPORTTOTAL AG / Key word(s): Bond
SPORTTOTAL AG issues bearer bond
- Bearer bond for EUR 2,000,000.00 issued
- Further investor committed to subscribe to a further bearer bond for EUR 3,000,000.00
Cologne, August 11, 2020. Today, SPORTTOTAL AG, has issued a bearer bond for EUR 2,000,000.00 with a term of five years and an interest rate of 8.5% p.a. The bearer bond contains a conditional conversion right, which still requires the approval of the shareholders' meetng of SPORTTOTAL AG. The entire bearer bond was subscribed by one investor.
In addition, another investor has undertaken to fully subscribe to a future bearer bond for EUR 3,000,000.00, which is expected to be issued in October this year. This bearer bond also has a term of five years and contains a conditional conversion right, which still requires the approval of the shareholders' meeting of SPORTTOTAL AG. The interest rate is 7% p.a.
11-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Am Coloneum 2|
|Phone:||+49 (0)221 7 88 77 0|
|Fax:||+49 (0)221 7 88 77 199|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange|
|EQS News ID:||1115307|
|End of Announcement||DGAP News Service|
1115307 11-Aug-2020 CET/CEST
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