AMAG Issues € 70m Bonded Loan

Businessn.a. ♦ Published: May 7, 2012; 19:26 ♦ (Vindobona)

One year after its IPO, the Austrian aluminum producer issues a bonded loan in order to enlarge the main factory.

AMAG Issues € 70m Bonded Loan / Picture: ©

The Upper-Austrian AMAG completed its bonded-loan issue today. The volume of the transaction reached € 70m. AMAG intends to enlarge the capacity of its roller plant by 50% to 225,000 tons per year.

Raiffeisenlandesbank Oberösterreich (RLB Upper Austria) and Landesbank Baden-Württemberg acted as joint lead managers. With a 16.5% stake in AMAG, RLB Upper Austria is a core…