DGAP-News: KTG Agrar AG / Key word(s): Bond/Issue of Debt
KTG Agrar: Successful corporate bond placement
07.06.2011 / 12:37
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KTG Agrar: Successful corporate bond placement
Hamburg, 7 June 2011 – KTG Agrar AG has successfully placed its second
corporate bond (ISIN: DE000A1H3VN9). Due to strong demand from
institutional and private investors, the subscription period for the EUR 50
million issue ended prematurely. The –KTG Biowertpapier II– has a term of
six years and a fixed interest rate of 7.125% p.a. –We are very pleased
with the great interest and the confidence placed in us, –said Siegfried
Hofreiter, CEO of KTG Agrar. –Our bond and our shares allow investors to
invest in agriculture, a sector with a promising future, as demand for
farmland, healthy food and clean energy is growing constantly. We will
aggressively exploit this potential going forward and continue our
successful growth strategy.– youmex invest AG held the mandate for
institutional sales, while equinet Bank AG and montega AG acted as selling
agents. It is planned to list the bond in the Entry Standard for corporate
bonds at the Frankfurt Stock Exchange.
KTG Agrar will continue its profitable growth in the coming years. The
company has some 33,500 hectares of farmland in east Germany and Lithuania
and primarily grows organic and conventional food crops such as grain,
maize and rapeseed. In the coming years, the company plans to expand its
farmland by approx. 10% per year and to further increase the percentage of
own farmland from the current 20%.
KTG Agrar also intends to expand its biogas activities significantly. In
2011 alone, the production capacity is to be increased from16 megawatts to
25 – 30 megawatts (MW), with a further increase to 35 – 40 MW planned for
next year.
The legally relevant prospectus is available for downloading at www.ktg.ag.
About KTG Agrar:
With cultivable land of more than 33,000 hectares, KTG Agrar AG is one of
the leading producers of agricultural commodities in Europe. The
Hamburg-based company–s core area of expertise is the organic and
traditional cultivation of market products such as cereals, maize and
rapeseed. For organic market products KTG Agrar is the European market
leader. The company mainly produces in Germany but has also operated
production in the EU full member state of Lithuania since 2005. The third
mainstay is the production of bio-energy. At present, KTG Agrar operates
biogas plants with a total capacity of around 16 megawatts. In the year
2010, KTG achieved a total output of EUR 70.8 million and EBIT of EUR 13.4
million. Since November 2007 the company is listed on the Frankfurt Stock
Exchange and has currently about 250 employees. Further information can be
found at www.ktg.ag.
Contact:
Investor Relations / Press
Fabian Lorenz
IR.on AG
Phone: +49 221 914097 – 6
E-mail: fabian.lorenz@ir-on.com
End of Corporate News
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07.06.2011 Dissemination of a Corporate News, transmitted by DGAP – a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language:English
Company: KTG Agrar AG
Ferdinandstr. 12
20095 Hamburg
Deutschland
Phone: +49 (0)40-303 76-47
Fax: +49 (0)40-303 76-799
E-mail: info@ktg-agrar.de
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4
WKN: A0DN1J
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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127749 07.06.2011