By Marisa Wong
Morgantown, W.Va., April 21 – Karlsberg Brauerei GmbH sold €40 million of 5¼% five-year bonds, according to a company announcement.
The second issue bonds were priced at the lower end of talk, 5¼% to 5¾%.
Bankhaus Lampe KG and IKB Deutsche Industriebank AG were the joint bookrunners and joint lead managers for the oversubscribed offering.
Due to the high demand, the subscription period closed early, the company said.
About 20% of the orders were from private investors.
The company will use €30 million of the proceeds to repay a loan and the remainder to finance investments.
Settlement is slated for April 28.
The brewery is based in Homburg, Germany.
| Issuer: | Karlsberg Brauerei GmbH
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| Issue: | Corporate bonds, second issue
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| Amount: | €40 million
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| Maturity: | Five years
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| Coupon: | 5¼%
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| Bookrunners: | Bankhaus Lampe KG and IKB Deutsche Industriebank AG
|
| Price talk: | 5¼%-5¾%
|
| Announcement date: | April 19
|
| Settlement date: | April 28
|
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