Katjes Greenfood to issue 40 million euro corporate bond

Katjes Greenfood, the investment arm of the Katjes Group focusing on the 'better-for-you' food segment, has decided to issue a new corporate bond with a target volume of up to 40 million euros.

The bond will be issued under Norwegian law, with an expected interest rate range between 7.75 percent and 8.5 percent. The proceeds are primarily intended for the early repayment of a 2022 bond that was originally scheduled to run until November 2027.

Investors holding the 2022 bond or a 2021 crowdfunding subordinated loan have the option to exchange their holdings for the new bond between September 23 and October 15. New investors can subscribe to the bond from September 23 to October 19. The securities are intended to be listed on the Frankfurt Stock Exchange's open market and the Oslo Børs (Nordic ABM) at a later date.