Portigon AG
Portigon AG: Portigon substitutes issuer of bonds (‘Notes’)
Portigon AG / Key word(s): Issue of Debt Portigon AG announces the replacement of Portigon AG as issuer by NRW.BANK with respect to the following bonds: JPY 10,000,000,000 4.36% in USD Notes of 1999 due 23 March 2029 Euro 55,120,000 5.11% Notes of 1999 due 16 March 2039 Euro 50,000,000 6 M Euribor + 0.31% Notes of 1999 due 25 May 2038 Euro 13,350,000 6 M Euribor + 0.34% Notes of 1999 due 25 November 2039 Euro 10,000,000 6 M Euribor + 0.30% Notes of 2000 due 19 September 2030 Euro 58,440,000 6 M Euribor + 0.33% Notes of 2001 due 24 January 2041 Euro 5,000,000 6.14% Notes of 2001 due 6 February 2031 Euro 1,000,000 6M Euribor + 0.32% Notes of 1999 due 30 July 2029, each guaranteed by Portigon AG.
In accordance with the conditions of issue, Portigon AG, Düsseldorf, Federal Republic of Germany, is substituted by the substitute debtor NRW.BANK, Düsseldorf, Federal Republic of Germany as of 5 September 2023. The reason for the substitution is the reduction of administration costs of Portigon AG. No further changes result from the substitution; in particular, all rights of the bondholders under the bonds remain unchanged and the guarantee of Portigon AG remains fully valid in accordance with its terms regarding the obligations of NRW.BANK in respect of the Notes. Similarly, the obligations of the State of North Rhine-Westphalia, the Landschaftsverbände Rheinland and Westfalen-Lippe (Regional Associations of the Rhineland and of Westphalia-Lippe), the Rheinischer Sparkassen- and Giroverband and Westfälisch-Lippischer Sparkassen- und Giroverband (Regional Associations of the Savings Banks in the Rhineland and in Westphalia-Lippe) under the statutory guarantee (Gewährträgerhaftung) and under the constitutional liability (Anstaltslast) to the extent in effect with respect to the guarantee of Portigon AG immediately prior to the substitution, will not be affected by the substitution. Portigon AG
Contact: Stefan Schweizer Head of Treasury Portigon AG Voelklinger Str. 4 40219 Duesseldorf Stefan.Schweizer@portigon.de Tel. +49 (0) 211 890 955 15 End of Inside Information
05-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Portigon AG |
Völklinger Str. 4 | |
40219 Düsseldorf | |
Germany | |
Phone: | +49 (0) 211-890 995 75 |
Fax: | +49 (0) 211-890 995 84 |
E-mail: | peter.windeln@portigon.de |
Internet: | www.portigon.de |
ISIN: | DE0008364902, XS0100256139 |
WKN: | 836490 |
Listed: | Regulated Unofficial Market in Dusseldorf (Primärmarkt); Luxembourg Stock Exchange |
EQS News ID: | 1719457 |
End of Announcement | EQS News Service |