April 10, 2017 / 6:16 AM / 3 months ago

BRIEF-DDM successfully completes EUR 35 mln tap issue

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April 10(Reuters) - DDM HOLDING AG:

* SAID ON FRIDAY ONE OF ITS WHOLLY OWNED INDIRECT SUBSIDIARIES, DDM DEBT AB (PUBL), SUCCESSFULLY ISSUED AN ADDITIONAL 35 MILLION EUROS UNDER THE 85 MILLION EUROS SENIOR SECURED BOND FRAMEWORK

* PURPOSE OF THE BOND TAP ISSUE WAS TO SUPPORT CONTINUED STRONG GROWTH

* BOND TAP ISSUE HAD BEEN PLACED AT A PRICE OF 101.50 PER CENT OF THE NOMINAL AMOUNT, INDICATING A YIELD TO MATURITY OF C. 9 PER CENT

* AFTER THE TAP ISSUE, THE TOTAL OUTSTANDING AMOUNT OF DDM DEBT’S BOND LOAN WOULD TOTAL 85 MILLION EUROS

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Further company coverage: (Gdynia Newsroom)

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