- WKN: 747206
- ISIN: DE0007472060
- Land: Deutschland
Nachricht vom 12.09.2019 | 07:50
Wirecard AG successfully issues first investment-grade bond
DGAP-News: Wirecard AG
/ Key word(s): Issue of Debt/Bond
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE DOCUMENT.
September 12th, 2019
Wirecard AG successfully issues first investment-grade bond
Aschheim (Munich). Wirecard AG has very successfully placed its first investment-grade bond with institutional investors. The issue offers access to a broad national and international debt investor base and thus contributes to an optimized and diversified capital structure within the Wirecard Group.
In the course of this, Wirecard was one of the first and few service providers in the payment industry to achieve an investment grade rating (Baa3, issuer and issue rating) from the independent rating agency Moody's.
The bond met with great interest on the capital market. With a target bond volume of EUR 500 million, the order book was oversubscribed more than two times following the completion of the pricing process.
Due to the investment grade rating and the current positive situation on the capital markets, an attractive pricing was achieved. The bond coupon was set at 0.50 % per annum, the term ends in September 2024. The funds will be used primarily to repay drawings on existing credit facilities. The bond will be listed on the Euro MTF of the Luxembourg Stock Exchange.
The issue of the financial instrument was accompanied by Crédit Agricole, Deutsche Bank and ING as global coordinators as well as Citigroup, Credit Suisse, ABN AMRO and Lloyds Bank as further joint bookrunners. To market the bond, road show events were held at the most important European financial centers.
Alexander von Knoop, CFO of Wirecard, says: "The very successful bond issue and the investment grade rating we have achieved offer us an excellent opportunity to optimize our financing structure and expand our capital investor base. As a globally active technology group, we are now also very well diversified on the funding source side and look forward to being represented on the capital market from now on for both equity and debt capital providers".
This announcement contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of clinical trials, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. Wirecard AG does not undertake any responsibility to update the forward-looking statements in this announcement. In furnishing our website address in this announcement, we do not intend to incorporate any information on our website into this announcement.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, or the United States of America (the "United States") or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
This announcement is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as "relevant persons"). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.
The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a "Retail Investor" means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MIFID II; (ii) a customer within the meaning of Directive 2002/92/EC ("IMD"), where that customer would not qualify as a professional client as defined in point (10) of article 4(1) of MIFID II; or (iii) not a Qualified Investor as defined in the Prospectus Directive. Consequently, no key information document required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
Wirecard media contact:
|85609 Aschheim b. München|
|Phone:||+49 (0)89-4424 1400|
|Fax:||+49 (0)89-4424 1500|
|Indices:||DAX, TecDAX, Prime All Share, Technology All Share|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||872427|
|End of News||DGAP News Service|