On March 5th, 2018, Ence completed the issuance of convertible bonds for an amount of € 160 MM, maturing in 2023. The Bonds bear a fixed annual interest rate of 1.25% payable semi-annually and are convertible into Ence’s ordinary shares, at the option of bondholders, at an initial conversion price of 7.2635 euros per share.
Funds obtained with the issuance of these convertible bonds have been used to finance the voluntary early redemption on June 1st, 2018, of the bond issued on October 30th, 2015, for an amount of € 250 MM.
Convertible bonds are currently listed on the Frankfurt Stock Exchange. For more information CLICK HERE
Senior Unsecured Convertible Bond
Ence’s corporate and emission credit rating is as follows:
27/04/2018.The Company announces the early
redemption of its €250 Mn Senior Notes on 1 June 2018
raises Ence´s corporate credit rating to BB from BB- with stable outlook
Quarterly Report 1Q18
Terms and conditions of
the EUR 160 million convertible bonds due 2023
Ence confirms the initial conversion
price of the EUR 160 million offering of senior unsecured convertible bonds due 2023
reports the conversion prices of the convertible bonds
announces the conclusion of a EUR 160 million offering of senior unsecured convertible bonds due 2023
Ence reports on the setting of the terms and conditions of the convertible bonds issued