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Mannheim, 2011-03-22

Südzucker with successful bond placement

Südzucker AG Mannheim/Ochsenfurt successfully placed a EUR 400 million bond to European investors via its 100% Dutch subsidiary Südzucker International Finance B.V. on March 22, 2011. Guaranteed by Südzucker, the senior bond has a maturity of seven years, a coupon of 4.125 percent and a yield of 93 basis points over the seven year mid swap. The bond will be listed on the Luxembourg stock exchange. It is also attractive to private investors due to its denomination of 1,000 Euro.

Mannheim, 2011-03-22

Südzucker with successful bond placement

Südzucker AG Mannheim/Ochsenfurt successfully placed a EUR 400 million bond to European investors via its 100% Dutch subsidiary Südzucker International Finance B.V. on March 22, 2011. Guaranteed by Südzucker, the senior bond has a maturity of seven years, a coupon of 4.125 percent and a yield of 93 basis points over the seven year mid swap. The bond will be listed on the Luxembourg stock exchange. It is also attractive to private investors due to its denomination of 1,000 Euro.
To a great deal the placement was carried out to German institutional and private investors. Südzucker has taken advantage of its long-time position as bond issuer as well as from the stable ratings of Moody's (Baa2, stable) and Standard&Poor's (BBB, stable).
The transaction serves financing of general business purposes. Südzucker has been attended for the transaction by Deutsche Bank as sole bookrunner and joint lead manager and DZ Bank, LBBW and Unicredit as joint lead manager.