SANHA Successfully Launches 8.75% Bond

On December 6, 2024, SANHA GmbH & Co. KG announced the successful placement of its 8.75% bond, maturing in 2029, with a total volume of EUR 14.7 million. This bond will commence trading on the Open Market of the Frankfurt Stock Exchange starting December 10, 2024, with a preliminary appearance expected on December 9. Notably, the exchange rate achieved was approximately 40%.

The introduction of this bond plays a vital role in SANHA’s strategy to diversify its financing structure. SANHA also retains the option to increase the bond's volume through additional private placements. In light of a favorable liquidity status, SANHA is considering a buyback offer for existing notes of its 2013/2026 bond, dependent on price developments.

Bernd Kaimer, SANHA's Managing Partner, expressed satisfaction with the bond issue's outcome amidst a challenging market. The support of Quirin Privatbank AG and other financial partners played a key role in this successful placement.