GERMANY – The Würth Group took advantage of the favorable conditions in the capital markets to acquire long-term funds and very successfully issued a € 750 million euro bond in the market on 11 May 2020 through its finance company Würth Finance International B.V.

The bond with a term of seven and a half years carries an interest coupon of 0.75 percent p.a. and is secured through unconditional and irrevocable guarantees of Adolf Würth GmbH & Co. KG (Standard & Poor’s Rating A, outlook stable).

The bond was issued in cooperation with BNP Paribas, DZ Bank, HSBC and Landesbank Baden-Württemberg. After its announcement and the positive market response—the bond was three times oversubscribed—the transaction could be concluded within just a few hours.

The proceeds of the issue strengthen the Würth Group’s long-term funding and liquidity basis for further growth of the Group.

The average term of the outstanding financial liabilities of the Würth Group has been extended considerably.

The Würth Group is the global market leader in its core business—the sale of fastening and assembly materials. It currently consists of more than 400 companies in over 80 countries with about 78,500 employees. Among the companies of the Group is Austrian furniture fittings manufacturer Grass.