SecurityWorldMarket

12/08/2018

G & D places 200 million Euro bonded loan to fuel growth

Munich, Germany

Global security technology group Giesecke+Devrient has, for the first time in its history, placed a bonded loan in the amount of 200 million Euros. The company is thus taking advantage of the favourable conditions on the capital market. In view of the high demand from investors, the original target volume was more than doubled.

“The major success of the bonded loan demonstrates Giesecke+Devrient’s excellent credit rating and the confidence of investors in the company’s strategic positioning,” commented Dr. Peter Zattler, Member of the Management Board and CFO of Giesecke+Devrient. “With the placement of this bonded loan, we have also successfully positioned our financial instruments on a broader basis at very attractive conditions."

The issue was placed with a greater number of savings banks and co-operative institutions as well as the German commercial banks, and comprises terms of between 5 and 10 years. The proceeds will be used for general business financing as well as supporting operational growth in the areas of payment, connectivity, identities, and digital security. The transaction was monitored by Bayerische Landesbank as well as DZ-Bank AG.


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