The bonded loan was issued in installments with terms of 5 and 7 years. Interest rates were set at the lower end of the marketing range for all installments. By doing so, ZKW has obtained long-term external capital at very favorable conditions, and secured the liquidity we need for national and international investment projects and to continue expanding our technological leadership. “With the success of the bonded loan, we can provide even more capital for our automotive-specific project business, thereby ensuring the resources we need to develop our customer projects. Our basic investment rating is a sign of stability and reliability for our customers. We use the funds to securely finance the investments we need, and to continue growing strategically with solid capital resources,” says Armin Schaller, CEO of ZKW Holding.
With a total volume of 180 million euros, this is the first bonded loan placed by ZKW. Over 50 institutional investors like banks and insurance companies participated in the bonded loan. The transaction was supported by the Landesbank Baden-Württemberg and the UniCredit Bank Austria AG. “The good placement at highly attractive conditions shows that the investors also endorse our success and trust the company. It underscores our position on the market and confirms that we’re on the right course with a strong team,” says Oliver Schubert, CEO of the ZKW Group.