Travel24 Plans Bond Issue in Entry Standard
The travel company Travel24.com AG is issuing a corporate bond in Deutsche Börse’s Entry Standard. The bond can be subscribed from today (ISIN: DE000A1PGRG2). The Travel24 bond has an issue volume of up to €25 million and a term of five years. The bond’s interest rate is 7.5 percent and the nominal denomination €1,000.
Admission to trading is planned for 17 September 2012.
“We are looking forward to welcoming the Travel24 bond to Deutsche Börse’s Entry Standard. It is already the eighth bond that will be listed in Frankfurt this year”, said Alexander Hoeptner, at Deutsche Börse responsible for Market Services.
Travel24.com AG was founded in Munich in 1996 and has been listed on the Frankfurt Stock Exchange since 2000. Travel24.com describes itself as an independent company active in the German and international travel sector, with a focus on the online sale of package holidays.