Snowbird AG
Snowbird AG: Snow Bird (Hong Kong) issues bond guaranteed by Snowbird AG – issue size 400 million Renminbi, maturity 2018 – hard underwriting by Haitong
Snowbird AG / Key word(s): Issue of Debt/Expansion 17.09.2015 15:56 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Snow Bird (Hong Kong) issues bond guaranteed by Snowbird AG - issue size 400 million Renminbi, maturity 2018 - hard underwriting by Haitong Haitong International Financial Products Limited today agreed to subscribe a 400 million Renminbi (RMB) (approx. 55 million Euro) bond to be issued by Snow Bird (Hong Kong) Holding Company Limited a wholly owned subsidiary of Snowbird AG (ISIN: DE000A1PHEL8, Ticker Symbol: 8S9) listed on the Frankfurt Stock Exchange, Prime Standard Segment. The bond is secured by a guarantee of Snowbird AG. Haitong International Financial Products Limited, a subsidiary of Haitong International Securities Group Limited, Hong Kong, one of the largest financial institutions in China, did an intensive due dilligence and based on the positive results agreed to a hard underwriting of the bond which transfers the placement risk from Snowbird to Haitong. Closing is expected to occur early next week. The new 400m RMB bond (approx. 55m EUR) has a maturity of three years until September 2018 and bears a 12.0% annual interest rate. Interest is payable on semi-annual basis. Use of the bond proceeds is intended for financing future growth and providing sufficient working capital for the Chinese operational company, especially in China and Europe. End of adhoc release Snowbird AG - one of largest down processing companies worldwide Snowbird is one of the world's leading down processors and known for high quality down-filled textiles and for down bedding, down duvets and down pillows. With its new state of the art production facility, located in China, Henan Province, the company is able to process down at highest quality standards in a sustainable and environmental friendly way. Snowbird operates very profitable along the value chain from down processing to down clothing and down bedding production. Products are sold under the brands "Snowbird" or "Xueniao" or produced as white label based on orders from third parties. Haitong International Securities Haitong International Securities Group Limited ("Haitong International"; together with its subsidiaries, the "Group"; Stock Code: 665.HK) is a subsidiary of Haitong International Holdings Limited ("Haitong International Holdings"), a company incorporated in Hong Kong and wholly-owned by Haitong Securities Co., Ltd. ("Haitong Securities"). Haitong Securities is listed on the Shanghai Stock Exchange and the Stock Exchange of Hong Kong (Stock Code: 600837.SH; 6837.HK). It's stocks are included in the Hang Seng China 50 Index that consists of the 50 largest companies in China. Internet: www.htisec.com Investor Relations Contact Please direct all your requests to: max. Equity Marketing GmbH, Maximilian Fischer, Marienplatz 2, 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: ir@snowbird-ag.com IMPORTANT NOTE - Disclaimer This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Snowbird AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). Furthermore, the shares may not be offered or sold in Japan or to or for the account or benefit of Japanese citizens. 17.09.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Snowbird AG c/o HRG Hansische Revisions-Gesellschaft mbH, Ferdinandstr. 25 20095 Hamburg Germany Phone: +49 89 139 28890 Fax: E-mail: ir@snowbird-ag.com Internet: www.snowbird-ag.com/de ISIN: DE000A1PHEL8 WKN: A1PHEL Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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