By Devika Patel
Knoxville, Tenn., May 18 – Helma Eigenheimbau AG said its subsidiary Helma Wohnungsbau GmbH settled a €27 million private placement of promissory notes. Sparkasse Hannover and UniCredit were joint arrangers.
The note will be guaranteed by the parent.
The company sold notes in two fixed-rate tranches with maturities of five and seven years.
Proceeds will be used for future growth.
The Lehrte, Germany, company designs and constructs new private residential buildings and houses.
| Issuer: | Helma Wohnungsbau GmbH
|
| Issue: | Promissory notes
|
| Amount: | €27 million
|
| Maturity: | Five and seven years
|
| Arrangers: | Sparkasse Hannover and UniCredit
|
| Settlement date: | May 18
|
| Distribution: | Private placement
|
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