Karlsberg Brauerei GmbH Announces New Corporate Bond Issue

Karlsberg Brauerei GmbH, a prominent German brewery, is issuing a new corporate bond with a target volume of 50 million euros, aiming to refinance its existing 2020/2025 bond ahead of schedule. The newly approved bond by the Luxembourg Financial Market Authority will have a five-year tenure with an annual interest rate between 6.00% and 7.00%, payable semi-annually.

The bond issue is crafted under Norwegian law and is designed to facilitate the early redemption of the 2020/2025 bond. Holders of the current bond are offered an exchange deal commencing on April 5, 2024, including a new bond issuance, a cash settlement, and accrued interest. This initiative underscores Karlsberg Brauerei GmbH's solid market presence and its commitment to providing investors with lucrative opportunities. The bond subscription period is set from April 11 to April 25, 2024, with plans for a subsequent listing on both the Frankfurt Stock Exchange and the Oslo Stock Exchange's Nordic ABM.

Christian Weber, managing partner of Karlsbergbrauerei, highlighted the company's long-standing reputation and the bond's appeal to both new and existing investors, particularly emphasizing the targeting of Scandinavian and European markets. Karlsberg Brauerei's stable financials, with a gross revenue of 153 million euros in 2023 and a diversified product portfolio, bolster investor confidence in its strategic and financial offerings.