Karlsberg Brauerei Announces Successful Placement of New 2024/2029 Bond

Karlsberg Brauerei GmbH has effectively launched its 2024/2029 bond, indicating strong demand with an increased issue volume reaching EUR 55 million. This move comes as part of the company's broader financial strategy, including the cancellation and repayment of their 2020/2025 bond. The substantial investor interest allowed them to set their annual interest rate at 6.00%, which is at the beneficial lower end of their projected range.

The bond issuance process was segmented into an exchange offer for existing bondholders, a public offering via the Deutsche Börse, and a private placement. Interestingly, nearly half of the previous bondholders opted for the exchange offer, although due to oversubscription, not all requests could be fully accommodated. Moreover, Karlsberg Brauerei plans to include these bonds on the Frankfurt Stock Exchange and anticipates trading in Oslo’s Nordic ABM within the next six months.

The generated funds from this bond are earmarked for refinancing the remaining 2020/2025 bonds and further investing in the brewery’s infrastructure and brand development. This financing approach evidences the brewery's continuing dedication to growth and modernization within the competitive market.