Giesecke+Devrient (G+D), the global security technology group, is once again raising a promissory note loan, building on the success of its last issuance, which despite a challenging market environment, was very well received by investors.
As the initial term sheet volume of 75 million euros was oversubscribed several times, G+D has now decided to increase the volume to 130 million euros. The proceeds will be used for general corporate financing and to support operational growth in the areas of payments, connectivity, identities and digital security.
“The fact that we are once again taking out a long-term loan four years after our last promissory note loan is a sign of the great trust that investors place in the strategic direction and solid success of our company,” emphasizes Dr. Peter Zattler, member of the Management Board and CFO of G+D. “Through the promissory note loan, we emphasize the broad basis of our financial instruments.”
The financial transaction is once again being facilitated by Bayerische Landesbank and DZ-Bank. The public offering has mainly been placed with a large number of savings banks and cooperative institutions with maturities of between three and five years.