Hornbach-Baumarkt plans redemption of €250 million of corporate bonds

By Tali David

Minneapolis, Nov. 13 - Hornbach-Baumarkt AG plans to redeem all €250 million of its corporate bonds due Nov. 15, 2014 (ISIN: XS0205954778), according to a news release.

The bonds will be redeemed at par, and the premature redemption must be announced in advance with a notice period of between 30 and 60 days, the company said.

The redemption will be funded with the issuance of a new long-term bond.

The Bornheim bei Landau/Pfalz, Germany-based company operates do-it-yourself retail markets and garden centers.

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