Heuking Kühn Lüer Wojtek advises Seidensticker on issuing a corporate bond of up to EUR 30 million
Heuking Kühn Lüer Wojtek advised Textilkontor Walter Seidensticker GmbH & Co. KG on issuing the 2012/2018 corporate bond including the drafting of the required prospectus. The corporate bond's total par value is up to EUR 30 million at an interest rate of 7.25 percent.
Prospectus approval by the Federal Financial Supervisory Authority was carried out on February 17, 2012. Public offering will run from February 27 to April 30, 2012 in Germany, Austria and Luxemburg. As of the expected date of issue, March 12, 2012, the individual bonds are also to be included in OTC trading at Düsseldorf Stock Exchange in the "der mittelstandsmarkt" segment.
"The Seidensticker bond is the first corporate bond that will be listed in the "der mittelstandsmarkt" segment at Düsseldorf Stock Exchange this year. It is expected to have a key effect for the market," said Dr. Mirko Sickinger, lawyer and partner of law firm Heuking Kühn Lüer Wojtek at the Cologne office.
Counsel to Seidensticker:
Dr. Mirko Sickinger LL.M., Sven Radke, LL.M. and Tobias Nagel, all from Heuking Kühn Lüer Wojtek's Cologne office.