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Bond

In this section we provide you with up-to-date information on our bond. Aside the current bond price you will find all relevant information with regard to the bond’s listing on the stock exchange under "facts & figures". In addition you will find here the current ratings.

On April 24, 2017, SCHMOLZ + BICKENBACH issued a EUR 200 million corporate bond with a final maturity date of July 15, 2022. The proceeds of the offering were materially used to redeem on May 15, 2017 the outstanding portion of EUR 167.7 million of Notes due 2019 issued by its subsidiary SCHMOLZ + BICKENBACH Luxembourg S.A. The Senior Secured Notes were issued by our subsidiary SCHMOLZ + BICKENBACH Luxembourg Finance S.A. at 100% of the nominal value and with a coupon of 5.625% p.a. Interest is payable semi-annually on January 15 and July 15. The senior secured notes are listed on the Luxembourg Stock Exchange and traded on the Euro MTF market.

On June 25, 2018 SCHMOLZ+BICKENBACH increased this bond by EUR 150 million to EUR 350 million. Proceeds were primarily used to repay borrowings under the EUR 375 million syndicated revolving credit facility. This was mainly in connection with the acquisition of Ascometal. The issue was made at 101.5% with a corresponding effective interest rate of 5.2%.

Facts & Figures

IssuerSCHMOLZ + BICKENBACH
LUXEMBOURG Finance S.A.(LUXEMBOURG)
ListingLuxembourg stock exchange
ISINDE000A19FW97
Kind of securityFixed-interest notes
Trading currencyEUR
Current nominal volumeEUR 350 million
Issue dateEUR 200 million   April 24, 2017
 EUR 150 million   June 25, 2018
Coupon5.625%
Interest payment dateJanuary 15 and July 15
MaturityJuly 15, 2022
Rating agencyRatingOutlookLast review
Moody'sB2stable18.6.2018
Standard & Poor'sB+negative14.6.2018