Freudenberg’s promissory note very quickly and significantly oversubscribed

The Freudenberg Technology Group has issued a promissory note. Despite the corona crisis, the transaction was very quickly oversubscribed by a significant amount.

In mid-October, the Freudenberg technology group placed a promissory note worth 500 million euros. Further details on the durations of the different tranches are not known. However, the transaction is remarkable in that, according to DerTreasurer information, the order book was more than twice oversubscribed within a few days. In addition: “The promissory note was placed at the lower end of the marketing range throughout,” says Ingmar Rauscher, who has been head of Corporate Treasury and Finance at Freudenberg since the beginning of July.

You may find the full article from Sabine Paulus published in: DerTreasurer