KFM Deutsche Mittelstand AG

Deutscher Mittelstandsanleihen FONDS participates in the increase of the 8.50% R Logitech bond

Business news for the stock market

Düsseldorf (pta021/28.02.2019/10:00) - KFM Deutsche Mittelstand AG announces that the Deutscher Mittelstandsanleihen FONDS (ISIN LU0974225590) will participate in the increase of the existing 8.50% R Logitech bond 2018/2023 (ISIN DE000A19WVN8) as part of a portfolio optimization.

KFM Deutsche Mittelstand AG had upgraded the bond in its KFM barometer update from 31.01.2019 to "extremely attractive" (5 out of 5 possible stars). With the acquisition of Euroports Holdings S.à.r.l. announced in mid-February R-LOGITECH has confirmed the assessment of KFM Deutsche Mittelstand AG.

R-LOGITECH is a leading player in African logistics, a relatively low competitive environment with few players having an Africa strategy. R-LOGITECH is subdivided into logistics (port and terminal management and logistics services) and technology (procurement solutions and maintenance).

The non-subordinated and unsecured Bond of R-LOGITECH S.A.M. issued at the end of March 2018 has a coupon of 8.50% p.a. (Interest payment annually on March 29th.) and has a five-year term from 29.03.2018 to 29.03.2023. As part of the 2018 issue, the maximum issue volume of EUR 25 million with a denomination of EUR 1,000 was placed. From 25.02. until 6 March 2019, the issuer places an increase of the bond by up to 100 million euros at the issue price of 100%. In the first four weeks after the top-up issue, the new bonds will trade under the ISIN DE000A2RW772.

The bond conditions provide for early termination options at the discretion of the Issuer as of March 29, 2021 at 104% and from March 29, 2022 at 102% of the nominal value. The Issuer obliges itself and its subsidiaries to comply with a minimum equity ratio and a distribution restriction.

About KFM Deutsche Mittelstand AG
KFM Deutsche Mittelstand AG is an expert for SME bonds and initiator of the Deutscher Mittelstandsanleihen FONDS (WKN A1W5T2). The fund offers attractive returns for private and institutional investors in conjunction with a broad diversification of investments. The fund's investment strategy is based on the results of the KFM-Scoring analysis method developed by KFM Deutsche Mittelstand AG. The Deutscher Mittelstandsanleihen FONDS distributes its income annually to its investors. Since the fund launch, the annual dividend yield is above 4% p.a. based on the respective share price at the beginning of the year. In the current year as well, investors will benefit from the performance of the fund and the related planned return on distribution in the amount of previous years. The fund is given top marks by Morningstar and the FWW fund service. KFM Deutsche Mittelstand AG was honored at the 2016 Grand Prix for Small and Medium-Sized Enterprises as winner of the KFM-Scoring analysis method and above-average development of the Deutscher Mittelstandsanleihen FONDS. According to GBC research, the Deutscher Mittelstandsanleihen FONDS is one of the hidden champions. Out of a total of 9,000 public funds audited by the GBC, the Deutsche Mittelstandsanleihen FONDS occupies one of the top 9 positions.