Giesecke+Devrient successfully places a bonded loan of 200 million euros
Global security technology group Giesecke+Devrient has, for the first time in its history, placed a bonded loan in the amount of 200 million Euros. The company is thus taking advantage of the favorable conditions on the capital market. In view of the high demand from investors, the original target volume was more than doubled.
“The major success of the bonded loan demonstrates Giesecke+Devrient’s excellent credit rating and the confidence of investors in the company’s strategic positioning,” commented Dr. Peter Zattler, Member of the Management Board and CFO of Giesecke+Devrient. “With the placement of this bonded loan, we have also successfully positioned our financial instruments on a broader basis at very attractive conditions."
The issue was placed with a greater number of savings banks and co-operative institutions as well as the German commercial banks, and comprises terms of between 5 and 10 years. The proceeds will be used for general business financing as well as supporting operational growth in the areas of payment, connectivity, identities, and digital security. The transaction was monitored by Bayerische Landesbank as well as DZ-Bank AG.
Giesecke+Devrient (G+D) is a global security technology group headquartered in Munich, Germany. Founded in 1852, the Group has a workforce of 11,600 employees and generated sales of approximately EUR 2,14 billion in the 2017 fiscal year. 72 subsidiaries and joint ventures in 32 countries ensure customer proximity worldwide.
G+D develops, produces, and distributes products and solutions for secure payment, connectivity, identity and digital security. G+D is a technology leader in these markets and holds a strong competitive position. The Group’s customer base mainly comprises central and commercial banks, mobile network operators, business enterprises, governments, and public authorities. For more information, please visit: www.gi-de.com.