Rudolf Wöhrl AG is planning a corporate bond in Deutsche Börse’s Entry Standard. Subscription to the bond (ISIN: DE000A1ROYA4) is expected to be possible until 8 February. It has a volume of up to €30 million, runs until February 2018 and has an interest rate of 6.5 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 12 February 2013. Schnigge Wertpapierhandelsbank AG is the specialist.
“With the planned admission of the Rudolf Wöhrl AG bond, we are delighted to welcome the first company to the Entry Standard this year. We hope that 2013 will continue to be a positive year for our segment as market leader,” said Alexander von Preysing, Head of Issuer Services at Deutsche Börse.
Olivier Wöhrl, CEO of Rudolf Wöhrl AG, said, “Further growth combined with a sustained increase in our earnings quality is especially close to my heart. Our vision is to become Germany's most successful family-run fashion retailer. To achieve this we can count on the support of our loyal customers, our highly motivated staff – and the investors who will subscribe to our corporate bond.”
According to figures from the company, the traditional family business currently employs more than 2,000 staff and operates a total of 38 fashion department stores with a focus on southern Germany. In financial year 2011/12 Rudolf Wöhrl AG generated sales of approximately €271 million and an EBIT of €7.4 million.