BERLIN (dpa-AFX) - Kion Group AG (KGX.DE) announced on Thursday that it has placed a corporate bond of 500 million euros on the capital markets to boost the resilience and flexibility of its financing.
Christian Harm, CFO of Kion Group, said: 'In a challenging environment, our goal was to refinance our debts due in the coming year at an early stage from a robust financial position.'
The unsecured bond, which matures in November 2029, was issued at a price of 99.46 percent and has an annual coupon of 4 percent.
The offering was primarily addressed to institutional investors but is now also suitable for retail investors in the secondary market given the denomination of 1,000 euros.
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