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Lenzing places EUR 120 million corporate bond with mainly private investors

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 %.

Lenzing places EUR 120 million corporate bond with mainly private investors / Picture: © Lenzing

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…

This article includes a total of 349 words.

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