Mutares Successfully Issues EUR 135 Million Secured Bond

Mutares SE & Co. KGaA has placed a secured bond worth EUR 135 million. Mark Friedrich, CFO of Mutares, noted the high investor demand and emphasized the bond's role in supporting ambitious growth targets. The bond, with a maturity of five years, bears interest at EURIBOR plus a 6.25% margin and has potential to increase up to EUR 300 million.

The funds will aid international expansion, notably in China, India, and the USA, and in repurchasing bonds from the 2023/2027 series. The move aligns with Mutares' strategy to enhance its global portfolio and achieve revenue growth targets of EUR 7 billion by 2025 and EUR 10 billion by 2028.

Institutional investors backed the bond, reflecting confidence in Mutares' long-term strategy. The bond will be available on the Frankfurt and Oslo Stock Exchanges, under the ISIN NO0013325407.