- Successful placement of € 500 million
- Offering to institutional and retail investors, the latter via the secondary market
- Term of five years, coupon of 4.125 per cent
- Proceeds to be used to refinance existing liabilities in the short-term rental and leasing business
KION GROUP AG has successfully placed a corporate bond with a total volume of € 500 million on the capital markets. The issue attracted a great deal of attention from investors. By issuing the bond, KION GROUP AG is using the public capital market under its established EMTN program to strengthen the resilience and flexibility of the Group’s financing.
“Our goal was to secure financing for our core short-term rental and leasing business for the medium term, despite a very challenging environment,” said Christian Harm, CFO of KION GROUP AG. “We are very pleased with the support we have received from our investors.”
The unsecured bond, which matures in March 2031, was issued at a price of 99.487% and has an annual coupon of 4.125%. The offering was primarily addressed to institutional investors but is also suitable for retail investors in the secondary market given the denomination of € 1,000.
The proceeds from the bond will be used to refinance existing liabilities in the short-term rental and leasing business to create opportunities for future growth.
Bond Data
| Maturity | March 24, 2031 |
| Volume | € 500 million |
| Term | 5 years |
| Issue price | 99.487% |
| Coupon | 4.125% |
| Denomination | € 1,000 |
| ISIN/WKN | XS3314910632/ A460GT |
| Issuer | KION GROUP AG |
| Listing | Luxembourg, Regulated Market |
