By Lisa Kerner
Charlotte, N.C., March 5 – SNP Schneider-Neureither & Partner AG announced it will offer a corporate bond up to €20 million to qualified investors in Germany and abroad.
The bond will be divided into 20,000 partial debentures with a nominal amount of €1,000 each.
The partial debentures have a term of five years and an interest rate of 6¼%.
Proceeds will be used to finance acquisitions, according to a news release.
The transaction will be executed by youmex Invest AG.
SNP is a software company based in Heidelberg, Germany.
| Issuer: | SNP Schneider-Neureither & Partner AG
|
| Issue: | Corporate bond
|
| Amount: | €20 million
|
| Coupon: | 6¼%
|
| Maturity: | Five years
|
| Agent: | youmex Invest AG
|
| Pricing date: | March 5
|
| Distribution: | Private placement
|
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