EQS-News: SANHA GmbH & Co. KG issues new 8.75% corporate bond

SANHA GmbH & Co. KG, a leading manufacturer of stainless steel piping systems for heating, cooling, gas and drinking water installations, has successfully placed a new 8.75% corporate bond (ISIN: DE000A3034A2) with a volume of EUR 30 million.

The bond has a term of five years and will mature on April 1, 2028. The proceeds from the bond issue will be used to finance the company's growth strategy, including investments in new products and technologies, as well as for general corporate purposes.

The bond was met with strong demand from institutional investors and was placed at a yield of 8.75%. The issue was arranged by Landesbank Baden-Württemberg (LBBW) and BayernLB.

SANHA GmbH & Co. KG is a family-owned company headquartered in Troisdorf, Germany. The company has a long history of innovation and is known for its high-quality products and customer service. SANHA's products are used in a wide range of applications, including residential, commercial, and industrial buildings.

The company has a strong financial track record and has been profitable for many years. In 2022, SANHA generated revenue of EUR 120 million and EBITDA of EUR 20 million.

The new bond issue will provide SANHA with the financial flexibility to continue its growth strategy and invest in new products and technologies. The bond is also a testament to the company's strong financial position and the confidence of investors in SANHA's future.