on The Platform Group AG (isin : DE000A2QEFA1)
The Platform Group AG Reaches Corporate Bond Target Amid Strong Demand
The Platform Group AG has successfully achieved the oversubscription of its new 2024/2028 bond, reaching the target volume of EUR 25 million. Due to the strong demand from both national and international investors, the company will close the subscription period early.
The subscription period for the bond will now end on Monday, 1 July 2024, at 12:00 noon CEST. Investors can still submit their subscription orders via Deutsche Börse until that time.
The corporate bond, structured under Norwegian law, has a term of four years with a fixed annual interest rate of 8%-9%, paid semi-annually. The bond will be listed on the Frankfurt Stock Exchange and the Nordic ABM of the Oslo Stock Exchange within six months of the issue date.
Proceeds from the bond will be used for company acquisitions, debt repayment, investment in the TPG software platform, and general business purposes.
R. E.
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