Grenke AG — Capital/Financing Update 2003

Aug 5, 2003

News Details

Ad-hoc | 5 August 2003 14:47

GRENKELEASING AG english

GRENKELEASING announces debut euro bond Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GRENKELEASING announces debut euro bond Baden-Baden, August 5, 2003: GRENKELEASING AG has mandated Deutsche Bank and WestLB to act as the Joint Lead Manager for a debut euro bond. The bond is due to be issued following an European Roadshow, within the scope of a so-called debt-issuance programme. GRENKELEASING will use the inflow of funds especially for exercising an option to repurchase receivables recently granted to it by HP International Bank. The Executive Board Should you have any queries, please contact: GRENKELEASING AG, Neuer Markt 2, 76532 Baden-Baden Renate Hauss Tel: 07221/5007-204 Fax: 07221/5007-112 E mail: investor@grenkeleasing.de Internet: http://www.grenkeleasing.de end of ad-hoc-announcement (c)DGAP 05.08.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: “The debt-issuance programme sets beyond-the-day standard conditions. The programme will have an overall volume of EUR 500m and enables us to make flexible use of the capital market in future. This is true for the point in time, the duration, and the currencies of further borrowings. This enables us to secure the refinancing requirements of our leasing contracts for several years to come”, explains Wolfgang Grenke, Chairman of the Executive Board of GRENKELEASING AG. GRENKELEASING AG was first rated by the rating agency Standard & Poors in April of this year. On this basis, the company expects its unsecured debut bond will receive a BBB rating. GRENKELEASING AG is Germany’s nationwide market leader in small-ticket IT leasing, i.e. for products such as PC’s, notebooks, copiers, printers, or software up to an acquisition value of EUR 25,000. GRENKELEASING AG is listed in the Prime Standard segment of the German stock exchange in Frankfurt and has been taken up into the SDAX (small-cap) index. GRENKELEASING’s domestic presence currently extends to 20 cities. GRENKE has been in the UK market since April, meaning that GRENKELEASING now has a foreign presence in 12 locations. In addition to its four French branch offices, it has one subsidiary each in Switzerland, Austria, Italy, the Czech Republic, Spain, the Netherlands, and Denmark. The start-up in Sweden is planned for this autumn. Information on the company and its products is available on the Internet under http://www.grenkeleasing.de ——————————————————————————– WKN: 586590; ISIN: DE0005865901; Index: SDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 051447 Aug 03