Heat Securities II German Pellets
Heat Securities II German Pellets

German Pellets issues Heat Securities II, bonds for 50 million for further growth. June 2013 •

The German Pellets GmbH announces the details of its planned corporate bond. The heat Securities II (WKN / ISIN: A1T NAP / EN 000 A1T NAP 7) with a fixed rate of 7.25% pa and a term of 5 years provided. The subscription period begins on 1 July 2013. The issue with a volume of up to EUR 50 million is aimed at institutional investors and asset managers as well as to private investors.The global pellet market continues to record double-digit growth rates. High and rising prices for fossil fuels and a high demand in the building modernization and renovation Heating offer further opportunities for growth and attractive returns for investors. The economic strength of the company, the credit rating agency reform “BBB” investment grade, rated.

German Pellets plans to use the proceeds to further develop the international warehousing and logistics system to use for the expansion of the retail business and to increase the efficiency of existing productions. The annual turnover of the company last year was 500 million euros. Key sales markets are Germany, Denmark, Italy, Austria, Belgium and the UK. In addition to the renewable heat market for wood pellets pellets German supplies in Western Europe also utilities to produce electricity and heat from wood pellets.

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