JCC has structured a private bond for a Luxembourg company and drew up the accompanying investor memorandum. The bond is for € 6 million, has a maturity of one year and a coupon of 12 % p.a. It is subordinated and is to finance a California company focussing on data storage. Each partial bond is € 100,000. The paying agent is Fintech Bank in Willich. The bond was oversubscribed after just 2 weeks and the subscription period was therefore closed early. “We are very pleased that despite the problematic reputation of medium-sized bonds, they were able to be placed so quickly,” says Günter Jucho and Matthias Callenberg, JCC’s Board of Directors.
Private bond oversubscribed in 14 days
10. Jul 2017