DEAG to Issue up to €75 Million Corporate Bond

The decision, made by the Executive Board with Supervisory Board approval on September 16, 2025, sets a four-year term for the bonds, running until October 2029.

The company said proceeds from the issue will be used to refinance its existing 2023/2026 bond, as well as to support operating activities, organic growth, and its ongoing buy-and-build acquisition strategy. DEAG also intends to gradually reduce minority stakes in its investments.

The bonds, subject to Norwegian law, will carry a fixed annual interest rate in the range of 7–8%, to be set through a bookbuilding process. Interest will be paid semi-annually in April and October. Each bond has a nominal value of €1,000.

The subscription period runs from September 18 to October 8, 2025, with early closure or extension possible. Subscriptions will be available via Deutsche Börse’s DirectPlace platform. The offer is open to institutional investors in Germany, Luxembourg, selected European markets, and certain other countries through private placement.

In addition, DEAG is offering holders of its 8% 2023/2026 bonds the option to exchange them for the new 2025/2029 bonds on a one-to-one basis, plus a €20 cash settlement per bond and accrued interest. Non-exchanged 2023/2026 bonds are planned to be called and repaid early.

The new bonds are expected to be listed on the Frankfurt Stock Exchange’s Quotation Board and, within six months, on the Euronext ABM of the Oslo Stock Exchange.