ProCredit Holding AG Successfully Issues EUR 125m Green Tier 2 Bonds

ProCredit Holding AG announced the successful placement of EUR 125 million in green Tier 2 subordinated bonds to both international and domestic institutional investors. This significant financial event occurred shortly after the company presented its revised ambitious business strategy aimed at substantial growth in the upcoming years.

The demand from investors was high enough that the volume of the bonds issued increased from the initially planned EUR 100 million to EUR 125 million. The funds raised through this bond issuance are expected to bolster ProCredit's total capital ratio by approximately two percentage points, contributing to a strengthened financial base for future endeavors.

Hubert Spechtenhauser, the chairperson of ProCredit Holding’s Management Board, expressed satisfaction with the quick closure of the bond issue, highlighting it as a facilitator for the group’s strategic goals, which include expanding their loan portfolio significantly. Goldman Sachs Bank Europe SE served as the Sole Global Coordinator and Sole Bookrunner for this transaction. Furthermore, the bonds have been rated BB- by Fitch Ratings and are listed on the Euro MTF market of the Luxembourg Stock Exchange.