The bond subscription of paragon GmbH & Co. KGaA (ISIN: DE000A2NBZK1) has started today via the Frankfurt Stock Exchange and is estimated to last until 25 October, Deutsche Börse Cash Market has informed earlier today.
The bond is expected to be listed in the Scale segment for corporate bonds at the Frankfurt Stock Exchange on October 31.
The target volume of the bond is €50 million. The redemption date is 31 October 2023. The range for the annual fixed interest rate will be between 4.25 percent and 4.75 percent p.a.
The shares of paragon GmbH & Co. KGaA are already listed in the Prime Standard of the Frankfurt Stock Exchange. According to company information, paragon develops, produces and markets forward-looking solutions in the fields of automotive electronics, bodywork kinematics and electromobility. The portfolio of the direct supplier to the automotive industry in the electronics segment includes innovative air quality management, modern display systems and connectivity solutions as well as high-end acoustic systems.
At launch of the share subscription DirectPlace will get involved. Deutsche Börse’s subscription function intends to enable companies to tap into additional investor groups, such as family offices, asset managers and retail investors, prior to their IPO. This gives private investors the opportunity to place buy orders through their custodian bank during the subscription period.