Karlsberg Brauerei GmbH announced on 3 April 2024 that it would issue a new corporate bond. The subscription phase for the 2024/2029 bond began on 11 April 2024 and the issue was closed early on 19 April 2024 due to high demand. IR.on AG acted as communications advisor for the transaction.
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Cologne | Homburg, 23 April 2024 – Karlsberg Brauerei, which was founded in 1878 and has been owner-managed ever since, has further strengthened its position on the capital market and successfully placed its fourth corporate bond (ISIN: NO0013168005, WKN: A3825C) on the market. The issue met with great demand from both retail and institutional investors in Germany and abroad and was significantly oversubscribed. Accordingly, the volume was increased by EUR 5 million to EUR 55 million as part of the private placement and the interest rate was set at 6.00% p.a. at the lower end of the offering range.
The new 2024/2029 bond under Norwegian law was offered as part of a combined placement structure comprising an exchange offer for existing holders of the 2020/2025 bond including a multiple purchase option, a public offer via Deutsche Börse and a private placement.
The task of our team of advisors was to continue the transparent capital market communication of previous years in the course of the transaction and to emphasise the positive operating performance and robust financial position of Karlsberg Brauerei. Specifically, we supported the transaction team in all project phases as an experienced sparring partner and supported the Karlsberg team above all in the preparation and continuous adaptation of the website as a central information platform, the creation and distribution of financial announcements, the development of the media plan and advertising placement as well as in the constant dialogue with the financial press, bond media and retail investors. For the first time, the financial publications were also published in English for the international group of investors as the bonds were offered in the Nordic Bond format.
Pareto Securities AS, Frankfurt Branch, acted as lead manager and Heuking Kühn Lüer Wojtek as legal advisor in the transaction.
More information on the issuer and the 2024/2029 bond can be found at:investoren.karlsberg.de
