31.03.2011
7,25 % Interest rate: Trading start of the "Heat Security"
The "Heat Security" (ISIN: DE000A7H3J67) of the German Pellets GmbH will begin trading tomorrow under the Bondm market segment of the Stuttgart Stock Exchange as well as on the Open Market of the Frankfurt Stock Exchange. Due to the high demnad German Pellets closed the subscription last week ahead of schedule. The issue's gross proceed is 80 M Euro. The bond, with a maturity of five years, pays an annual interest rate of 7.25 % and is due on March 31, 2016. The denomination is 1,000 Euro. Institutional investors are managed by quirin bank.
"The market for renewable energy has high growth potential. Wood pellets as an inexpansive and environmentally-friendly fuel is an attractive future business", say Peter H. Leibold, managing partner of German Pellets GmbH. Politicians of all parties currently raise the subject of renewable energies on their agend and make proposals for sustainable heat production. For heating represents less than half of the total energy demand in Germany. An important issue here are pellets. Wood pellets are the fuel of the future: cost-effective and more stable than fossil fuels, endlessly available and environmentally-friendly.
Wood pellets are also free of subsidies, political influences and global crises. With the heat security investors can benefit, regardless of fluctuations in capital markets and economic crises. This promises long-term stable returns. German Pellets invests the issue's proceeds in further growth of the company. Production capacities will be expanded, the business segment "green power" from biomass power plants will be enlarged and the European distribution network extended.
Who ever has not yet subscribed to the heat security can now purchase same on the Stuttgart Stock Exchange or Frankfurt Stock Exchange. Simultaneously, with the start of trading of the heat security on April 1, 2011 the Stuttgart Stock Exchange extended the bond trading hours. Thus the heat security can be traded one hour before the previous posting.