By Marisa Wong
Los Angeles, Oct. 12 – Grenke Finance plc, a subsidiary of Grenke AG, priced a €125 million tap of its 3.95% notes due July 9, 2025, according to a London Stock Exchange notice on Monday.
The add-on notes priced at 105.205.
The notes are guaranteed by the parent company.
Deutsche Bank AG and HSBC Continental Europe were the managers.
Grenke is a business bank based in Baden-Baden, Germany.
| Issuer: | Grenke Finance plc
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| Guarantor: | Grenke AG
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| Amount: | €125 million
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| Description: | Notes, tap issue
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| Maturity: | July 9, 2025
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| Managers: | Deutsche Bank AG and HSBC Continental Europe
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| Coupon: | 3.95%
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| Price: | 105.205
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| Announcement date: | Oct. 11
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