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AGRANA successfully places an ESG-rating-linked Schuldschein Loan Agreement with a volume of € 235 million and maturities of 3, 5 and 7 years

Date: 21.12.2022

For the first time in its history, AGRANA Beteiligungs-AG successfully placed an ESG-rating-linked Schuldschein Loan Agreement with a volume of € 235 million on the euro capital market in December 2022.

The transaction was exceedingly well received by investors despite the extremely challenging overall market environment. The transaction was significantly oversubscribed due to the high level of demand, as a result of which the volume of € 100 million originally planned was increased to € 235 million. The bonded loan was tendered with maturities of three, five and seven years at both fixed and floating coupons. The spread of all tranches was at the lower end of the marketing range. The ESG performance of the AGRANA Group, determined on the basis of an independent ESG rating issued by International Shareholder Services, leads to an interested rate adjusted sustainability markup or deduction.

The funds from the Schuldschein Loan Agreement will be used for general corporate financing purposes as well as to refinance existing long-term loans.

“This financing instrument is a key element for safeguarding the liquidity of our group in an extremely volatile environment characterised by rising interest rates,” says CFO Stephan Büttner commenting on the successful transaction.

The transaction was arranged by Landesbank Hessen-Thüringen (Helaba), UniCredit Bank AG, DZ BANK AG Deutsche Zentral-Genossenschaftsbank and Raiffeisen Bank International.

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