DGAP-News

Enterprise Holdings Limited: Enterprise Holdings Limited Places Corporate Bond 2015/2020 - Books closed, no Further Placement - Trading Starts on Monday, March 30, 2015

DGAP-News: Enterprise Holdings Limited / Key word(s): Issue of
Debt/Bond
Enterprise Holdings Limited: Enterprise Holdings Limited Places
Corporate Bond 2015/2020 - Books closed, no Further Placement -
Trading Starts on Monday, March 30, 2015

27.03.2015 / 17:41

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Enterprise Holdings Limited Places Corporate Bond 2015/2020
Books closed, no Further Placement
Trading Starts on Monday, March 30, 2015

Enterprise Holdings Limited has finished the issue of its second corporate
bond 2015/2020 (ISIN: DE000A1ZWPT5, Ticker E0HB) at the Frankfurt Stock
Exchange. It has an interest rate of 7.00% p.a. and matures in March 2020.
The subscription period as well as the exchange offer period for the old
bond ended yesterday at 4:00pm. The books are closed now. Lead Manager and
Bookrunner of the transaction is VEM Aktienbank AG, Munich.

Issue Volume
During the subscription period the demand came from qualified institutional
European investors as well as from retail investors. The total issue volume
is EUR 19.3 m including the exchange offer.

Exchange Offer Result
From the exchange offer scheduled at the same time, holders of the bond
issued in September 2012 and maturing in 2017 (ISIN: DE000A1G9AQ4)
exchanged EUR 6.3 m into the new bond. Therefore the total volume of the
first bond 2012/17 now is EUR 28.7 m.

Future Growth
"Under the current difficult market situation we are satisfied with the
result of the placement and can advance the company's goals with the
capital we have raised," comments Andrew John Flowers, Chairman of the
Enterprise Holdings Limited. The Executive Board of Enterprise intends to
use the net issue proceeds primarily for further organic growth.

Trading, Rating, Covenants
Trading starts at March 30, 2015 at the Frankfurt Stock Exchange, the bond
is listed at the Entry Standard. The bond 2015/20 received a BBB+ Rating by
Creditreform Rating AG. In the terms and conditions of the bond the company
is committed to disclose quarterly financial reports. Similar to the first
bond a special account provides security to bond holders for the annual
interest payments.

End of corporate news

Enterprise Holdings Ltd. Group - an owner-lead insurance firm
Lead by its founder the company holds several other subsidiaries together
with affiliated service companies. The Group offers independent white label
general insurance solutions, apart from life insurance products. The