DGAP-News

KION GROUP AG successfully places a bond of

DGAP-News: KION GROUP AG / Key word(s): Corporate Action KION GROUP AG successfully places a bond of (news with additional features) 21.09.2020 / 11:55 The issuer is solely responsible for the content of this announcement. KION GROUP AG successfully places a bond of €500 million

- KION establishes EMTM program with a volume of up to €3 billion and listing in Luxembourg

- Initial successful placement of €500 million

- Broadening of investor base and improved flexibility

- Term of five years, coupon of 1.625 per cent.

- Bond more than 5 times oversubscribed

Frankfurt/Main, September 21, 2020 - KION GROUP AG has successfully placed a corporate bond with a total volume of €500 million on the capital markets. The issue attracted a great deal of attention from investors and was more than 5 times oversubscribed. By issuing the bond, KION GROUP AG is adding another element to its broad-based funding structure to strengthen the Group's resilience and improve its flexibility in a challenging time.

"In an environment that is likely to be shaped by the adverse economic effects of the coronavirus pandemic for some time, our goal is still to maintain our ability to act proactively from a robust financial position so that we can continue with the strategic development of our business activities. The bond that we have now issued further diversifies our funding structure," said Anke Groth, CFO of KION GROUP AG. "We were delighted with the great interest shown by investors. The fact that the bond was significantly oversubscribed underlines the confidence that the capital markets have in our successful KION 2027 corporate strategy."

There was interest in the transaction from a broad range of institutional investors, such as funds and insurance companies.

The unsecured bonds, which mature in 2025, were issued at a price of 99.407% and have an annual coupon of 1.625%. With a denomination of €100,000, they are offered to professional and institutional investors.