Enterprise Holdings Ltd. Plans Bond Issue in Entry Standard
Insurance undertaking Enterprise Holdings Limited is issuing a corporate bond in Deutsche Börse’s Entry Standard.
The bond can be subscribed with ISIN: DE000A1G9AQ4. The Enterprise Holdings bond has a volume of up to €35 million, matures in March 2017 and has an interest rate of 7.0 percent. The nominal denomination is €1,000.
Trading is planned to commence on 26 September 2012. Schnigge Wertpapierhandelsbank AG is the specialist.
“We welcome Enterprise Holdings as the first international company in the Entry Standard for bonds,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse. “This shows how attractive the segment is as a financing alternative outside of Germany too, because the Entry Standard for bonds offers flexible and cost effective access to debt capital.”
“The bond is the ideal form of financing for our growing company with regular high cash flows, which is practically debt-free to date. The Enterprise Holdings Group has the opportunity to expand considerably over the next few months and conclude highly profitable contracts. The funds from the bond will help us to realise this,” said Andrew John Flowers, CEO and founder of Enterprise Holdings.
As a holding company of multiple subsidiaries, Enterprise Holdings Limited is an insurance boutique, which together with affiliated service companies, offers independent white-label insurance solutions outside of the life insurance segment.