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Lenzing places EUR 120 million corporate bond with mainly private investors
Companies ♦
Published: September 24, 2010; 09:25 ♦ (Vindobona)
Lenzing AG, a world market leader in man-made cellulose fibers, placed a seven-year corporate bond with a coupon rate of 3.875 %.
The bond sale was oversubscribed fourfold. Approximately 75 % of the total volume went to private Austrian investors due to demand from this group.
Peter Untersperger, chairman of the management board, comments: "We have achieved an important target of our bond issue in an optimum manner, namely the diversification of our creditor base. We see the considerable…
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