The company, with consent of the supervisory board, will issue the corporate bond with a coupon of 7.75 percent per annum and a term to maturity of five years, from March 23, 2012, to March 22, 2017. The bond’s subscription period will be between March 12 to March 20, 2012. The bond is expected to be listed on the Open Market of the Frankfurt Stock Exchange (segment: Entry Standard for Bonds) from March 23, 2012. The bond security type is a bearer bond.
The proceeds will finance larger plans the company has for its solar segment, with plans to expand system partnerships with thin film solar cell producers and to develop new products for solar. Singulus also wants to move into new business areas in the field of vacuum coating by setting up research and development, and through acquisitions of companies or parts of other companies.
Institutional investors will be able to subscribe to the bond through the sole global coordinator and bookrunner, Close Brothers Seydler Bank AG, Frankfurt am Main. Retail investors can subscribe to the bond via financial institutions by means of a subscription order at the Frankfurt Stock Exchange. The public offering of the bond is exclusively based on the prospectus for the security, which is expected to be approved by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)) on February 27, 2012.