Bastion Lübbe issues five-year corporate bond yield of 6.75% pa
Subscription Period: 10.10.-21.10.2011
The bastion Luebbe GmbH & Co. KG, the largest owner-operated publishing house in Germany, issued a corporate bond with a volume of 30 million €. The coupon is 6.75% with a five-year term. The bond is in the "SME market," the Düsseldorf Stock Exchange and the Open Market of Frankfurt Stock Exchange "Opportunity for the middle class" in Hamburg, Munich, Berlin, Frankfurt. In a lying at last year's overall performance level of around 75 million euros, operating profit, EBIT (earnings before interest and tax) at € 7.9 million, the EBIT margin thus over 10%. The equity ratio of the bastion Luebbe GmbH & Co . KG was on 31 March 2011 at around 30%. This makes the company financially sound and also has a good liquidity position. While improving the profitability plans with Stefan Lübbe-Verlag NEM was further growth. To finance major growth steps in the modern tradition will go home a publicly traded bonds. Lübbe bastion of the credit has been rated by the rating agency Creditreform Rating AG with a grade of BBB and is therefore in investment-grade range. The bond can be drawn from a minimum investment of 1,000 € and is thus aimed explicitly to private investors. can asset managers and institutional investors over the global coordinator and sole bookrunner Close Brothers Bank AG, Frankfurt am Main Line. Private investors can trade on the segment "of the SME market" of the Düsseldorf stock draw. boost growth, improve profitability bastion Lübbe plans while simultaneously improving the profitability to continue to grow. The net proceeds from the planned bond issue will be used by the publishers to finance its growth strategy and in addition to priority investments in potential acquisitions, particularly investment in the area of "digital media" make to the market position of the company further. The entertainment field (Digital Media) is in the Strategy one of the most important growth areas for Bastion Luebbe. Under the publishing label "LÜBBE DIGITAL", the company serves the growing market for digital entertainment - especially ebooks and apps are becoming increasingly important. "Our major growth steps in the direction of digital media investments are important, so we continue with time and use the opportunity of new opportunities and developments in this area," says publisher Stefan Luebbe. evergreens and current best-selling authors , the bastion Luebbe GmbH & Co. KG, which includes currently the publisher's Bastion, Lübbe Verlag Lübbe paperback, honorary host, bastion Lübbe Taschenbücher, Lübbe Audio, tree house, tree house paperbacks, buoy, Quadriga, PMV and Lübbe Digital transferred, Issue novels (including cult shows like "Jerry Cotton, "" John Sinclair "or" The Mountain Doctor "), puzzle books, novels and nonfiction books, books for children and adolescents, audiobooks, ebooks and apps. Many famous authors move their books - some for decades - at Bastion Lübbe, to name just a few names: Ken Follett, Dan Brown, Rebecca Gable, Kerstin Gier, Andrea Camilleri, Arnaldur Indriðason, David Baldacci, Andreas Eschbach, Wolfgang Hohlbein , Cody McFadyen, Jodi Picoult, the Dalai Lama, Dieter Noor, Hardy Kruger, Sonya Kraus, Bernd Stelter, Wolf von Lojewski, and in children's and children's books by Jeff Kinney, Klaus Baumgart, Joachim Masannek, Max Kruse and James Kruss. Key Data bond:
Issue amount: up to € 30 million
interest rate of 6.75% per annum
interest payment: yearly (the first time October 26, 2012)
Term: 5 years of 26 October 2011 to 26 October 2016
Issue price: 100%
repayment rate: 100%
Denomination / Minimum Investment: € 1000
Subscription period: 10 October to 21 October 2011
Termination: No termination right of the Issuer, termination rights of the creditors including change of control and in other cases, such as insolvency or cessation of payment of the Issuer as described in detail in the bond terms.
Listing: for the SME market, Börse Düsseldorf
WKN / ISIN: A1K016 / DE000A1K0169
Security : Bearer bonds corporate
credit rating: BBB (Creditreform Rating AG)
Internet:
Bastei Lübbe - Startseite A detailed analysis can be the beginning of the subscription period under the heading " Check-bonds are available. "
