The subscription for the Neue ZWL Zahnradwerk Leipzig GmbH bond (NZWL, ISIN DE000A13SAD4) ended on its very first day. The subscription was originally supposed to run until 13 February. But the total volume of €25 million was already able to be placed on the market in the morning of the first day of subscription. The corporate bond runs for six years and has a coupon rate of 7.5 percent. Its nominal denomination is €1,000.
Trading in the Entry Standard of Deutsche Börse AG is planned to commence on 10 February 2015. Applicant is the securities trading bank Wolfgang Steubing AG.
According to own sources, The NZWL group is an international operating manufacturer of engine and transmission parts (gears, synchronization, shafts), transmission components and completely assembled transmissions for the automotive industry. The Group has production plants in Germany (Leipzig), Slovakia (Sučany) and NZWL International in China (Tianjin).
Investors can find information on subscription and company figures http://www.boerse-frankfurt.de/en/bonds/entry+standard+bonds