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Published on 12/10/2019 in the Prospect News High Yield Daily.

New Issue: Grenke prices €75 million perpetual notes at par

By Rebecca Melvin

New York, Dec. 10 – Grenke AG priced €75 million of perpetual notes at par, according to a regulatory filing.

The notes will be non-callable for six years.

HSBC and Deutsche Bank are the managers.

Grenke is a business bank based in Baden-Baden, Germany.

Issuer:Grenke AG
Issue:Notes
Amount:€75 million
Maturity:Perpetual
Bookrunners:HSBC and Deutsche Bank
Price:Par
Call:Non-callable for six years
Announcement date:Dec. 10

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