Thursday, 04 July 2013 09:30

German Pellets: EUR50 million for further growth

germanpelletsGerman Pellets GmbH has announced the details of its planned corporate bond. The “Wärme-Wertpapier II” bond (WKN/ISIN: A1TNAP / DE000A1TNAP7) carries a fixed coupon of 7.25% p.a. and has a term of five years. Subscription will commence on 1 July 2013. The issue at an amount of up to EUR 50 million will be targeted at institutional investors and asset managers as well as private investors.

“Our second corporate bond is an invitation to investors to join us on the next step of our journey into the lucrative market for sustainable heat supply. Our first bond, which was issued in 2011, is trading clearly above 100 percent, which underlines investors’ appreciation of our growth strategy,” says Peter H. Leibold, Managing Director of German Pellets GmbH. The global pellets market continues to post double-digit growth rates. High and rising prices for fossil energy sources and high modernisation requirements in the refurbishment of buildings and heating systems will offer further growth opportunities and attractive rates of return for investors. Rating agency Creditreform has assessed the company with “BBB”, Investment Grade Status.

Starting 1 July 2013, investors can subscribe to the new bond directly via their bank or their online broker by sending a purchase contract to the Stuttgart Stock Exchange. Subscription orders from institutional investors should be placed with quirin bank AG, the lead manager and bookrunner for the issue. After the end of the subscription period, the bond will be admitted to the Bondm segment of the Stuttgart Stock Exchange for regular trading.

German Pellets plans to use the proceeds from the issue to develop its international warehousing and logistic system, to expand its business with end customers and to increase the efficiency of its existing production facilities. Generating turnover in excess of EUR 500 million in 2012, German Pellets is the world’s largest pellets producer and trader. The most important output markets are Germany, Denmark, Italy, Austria, Belgium and the UK. Besides wood pellets for the renewable heat market, German Pellets also supplies energy suppliers in Western Europe with wood pellets for the generation of electricity and heat.

A legally relevant prospectus on the “Wärme-Wertpapier II” bond is available free of charge from German Pellets GmbH, Am Torney 2a, 23970 Wismar, and for downloading at

Additional Info

For further information on the bond, call +49 (0) 3841 / 30 30 66 66 every, daily between 9 am and 6 pm. Inquiries by e-mail should be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.

This press release does not constitute an offer to sell or an invitation to make a bid for the purchase or subscription of bonds of German Pellets GmbH. The offer of bonds of German Pellets GmbH must be made exclusively on the basis of the securities prospectus approved by the Luxembourg Financial Supervisory Authority (CSSF), which has been published at This press release does not constitute an offer to sell securities in the United States of America, Canada, Australia, Japan or other jurisdictions in which an offer is subject to statutory restrictions. The securities mentioned in this press release may not be offered or sold in the United States or to US persons (as defined in Regulation S under the Securities Act of 1933 as amended from time to time (the "Securities Act")) unless they have previously been registered or, if they have not previously been registered, only based on an exceptional regulation. Subject to certain exceptions pursuant to the Securities Act, the securities mentioned in this press release may not be offered or sold in Australia, Canada or Japan or to, or for the account of, Australian, Canadian or Japanese residents. The offer or the sale of the securities mentioned in this press release will not be registered in Canada, Australia and Japan in accordance with the respective legal provisions in these countries. It is not intended to make a public offer of securities in the United States.

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