With this loan, Heidelberger Druck can prolong its re-financing further into 2024. It can be called in tranches during the next 12 months (each tranche has a term of seven years) and the loan does not require any repayments during the first three years. It is believed that the loan has a spread of around 3pp.
Considering current yields of 8% and more for the group’s outstanding bonds, this loan is extremely attractive.
01 Apr 2016
€100m EIB loan received to finance future R&D
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€100m EIB loan received to finance future R&D
Heidelberger Druckmaschinen AG (HDD:WBO) | 0 0 -0.4% | Mkt Cap: 802.2m
- Published:
01 Apr 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
With this loan, Heidelberger Druck can prolong its re-financing further into 2024. It can be called in tranches during the next 12 months (each tranche has a term of seven years) and the loan does not require any repayments during the first three years. It is believed that the loan has a spread of around 3pp.
Considering current yields of 8% and more for the group’s outstanding bonds, this loan is extremely attractive.