Mutares successfully closed EUR 10 million bond tap

• Additional cash supports acceleration of growth towards 2023 targets
• Tap orderbook significantly oversubscribed and closed in less than a day
• Attractive deal pipeline for FY 2021 to keep pace

 

Munich, 12 February 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully closed a EUR 10 million tap today.

Mutares SE & Co. KGaA today executed an increase of its 4-year EUR 70 million bond issued in February 2020 (ISIN: NO0010872864) by an additional amount of EUR 10 million. The tap issue was successfully placed with institutional investors and was significantly oversubscribed. Pareto Securities acted as sole bookrunner for the transaction.

“We target a EUR 60 million holding profit and a consolidated group revenue of EUR 3.0 billion in 2023 which we are fully committed to. By having the additional cash from the tap, we will be able to accelerate our path towards success even more and you will see the first proof coming soon,” says Robin Laik, CEO and founder.