Karlsberg Brauerei Announces Subscription Period for New Bond

Karlsberg Brauerei GmbH has launched a public offer for its latest corporate bond, aiming to raise EUR 50 million over a five-year term. The subscription period for the bond, with an annual fixed interest rate between 6.00% and 7.00%, begins today and is anticipated to end on 25 April 2024. The bond offering, addressed to both institutional and private investors, is accessible through the subscription function on Deutsche Börse via banks and online brokers.

The bond offering includes a unique feature for holders of the company's 2020/2025 bond, introducing a public exchange offer. Participants in this exchange will receive a cash settlement in addition to the new 2024/2029 bond. Moreover, the funds from this issue are earmarked for the early redemption of the existing 2020/2025 corporate bond.

Karlsberg Brauerei has slated the new bond for listing on the Frankfurt Stock Exchange and plans a subsequent listing on the Nordic ABM of the Oslo Stock Exchange within six months post-issue. This strategic financial move underscores Karlsberg's commitment to solidifying its financial structure while providing attractive terms to bond investors.