Convertible Bond
Heidelberger Druckmaschinen AG issued a seven-year 260 million Euro
convertible bond on February 2, 2005. The bond has a coupon of
0.875 percent and a conversion premium of 50 percent. The
convertible bond cannot be called for the first four years, and is
callable thereafter subject to a 130 percent trigger. Holders have
an option to redeem the bond at the fifth anniversary. The bond
issuer is Heidelberg International Finance B.V. and the bond will
be guaranteed by Heidelberg. The bond is listed on the Luxembourg
Stock Exchange since March 22, 2005.
In the third quarter of financial year 2009/2010, a majority of the convertible bond investors exercised their right to accelerated repayment in accordance with the bond conditions.
Listing Prospectus (2.5 MB)
In the third quarter of financial year 2009/2010, a majority of the convertible bond investors exercised their right to accelerated repayment in accordance with the bond conditions.
| Key data: | |
| ISIN | XS0212139181 |
| Issue size | 260 million Euro |
| Denomination | 100,000 Euro |
| Term | 7 years |
| Expected settlement date | February 9, 2005 |
| Issue price | 100 percent |
| Redemption price | 116.28 percent |
| Conversion price | 39.63 Euro |
| Coupon | 0.875 percent |
| Conversion premium | 50 percent |
| Yield to maturity | 3.00 percent |
| Over-allotment option | up to 20 million Euro (was fully exercised) |
