KTG Agrar bond increased to 2011/2017 to EUR 80 million
"We believe the uncertain Euro-development planning and financing security of German SMEs is considerably affected. We counteract by creating through our bond sustainable security for growth financing and liquidity of KTG Agrar AG ", says Siegfried Hofreiter, CEO of KTG Agar AG. "This gives us predictability. As we understand these forward-looking liquidity is an innovative company a top priority. "Therefore, the KTG Agrar AG, one of the leading agricultural companies in Europe, increased its equity and medium-term loan capital to ensure profitable growth in a sustainable and long term. In addition to the capital increase of 10 percent of the capital in early February and the targeted placement of 2 million shares of KTG Energy Ltd has been successfully completed, and thus raised more hidden reserves. In addition, the company has successfully the corporate bond (ISIN: DE000A1H3VN9) 5 with a coupon of 7.125 percent and a term of up to June 2017 increased by 80 million euros and placed with institutional investors. The transaction was accompanied by the youmex Invest AG, Frankfurt. The issue price was 100 percent. The equity ratio has developed positively over 25 percent, which is above the level of the financial statements 2012 (June 30, 2012). "We are pleased with the strong interest of investors in our company. It shows that we are inter-alloyed with our business model - from field to plate - are on the right track. The combination of investment in farmland and biogas plants and the production of food from farm to fork has huge potential, "says Siegfried Hofreiter, CEO of KTG Agrar AG. Here is the KTG Agrar active in capital-intensive sectors. The dynamic growth in farmland binds during rounding to bigger - and more valuable - the same areas as the capital input biogas storage. Siegfried Hofreiter. "Through the medium term bond financing, we can at attractive investment opportunities not only react faster and yield lower costs, but also improve the long term even our rating," in October 2012 had Creditreform Rating AG's investment grade rating of BBB reaffirms for KTG Agrar . KTG Agrar Group this week at the "BioFach", the world's largest trade fair for organic food, represented by three brands. The international audience to present the KTG brands: FZ Foods (Frozen), BZ Bio Centre and earth-gold fresh produce. The consumer requests a secure and transparent food production "from field to market". "We are delighted to be a positive response to our brands, and feel a significantly increased consumer demand for our controlled food from the region," said Ulf Hammerich, Agricultural Board of KTG Agrar AG.
