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In a significant development, the leading European chocolate manufacturer, Gubor Group, has announced plans to issue a new bond with a target volume of 60 million euros. The company, based in Dettingen/Teck, Germany, is well-known for its popular brands such as Riegelein, Sun Rice, Gubor, Friedel, and Eichetti.
The bond, expected to be traded in the open market (OTC) of the Frankfurt Stock Exchange from December 2, 2024, offers a fixed nominal interest rate between 7.5 percent and 8.5 percent p.a., to be determined by a book-building procedure on November 27, 2024. However, it's important to note that the risk profile associated with this bond issue remains uncertain, as no specific rating or analysis for Gubor’s bond was found in the current search results.
In addition to the bond issue, Gubor Group has also introduced a digital subscription service. For just 9.90 Euro, subscribers can receive three digital issues, free of advertisements. As a digital subscriber, one can also receive an update with all relevant news and closing prices from Germany and the USA in Euro. The subscription service also provides an extra weekend feature with updates about the latest stock market happenings.
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As the Gubor Group continues to expand its operations, employing around 1,700 people and producing approximately 48,000 tons of products across 40 production lines, it remains a significant player in the chocolate manufacturing industry. The company's annual turnover exceeds 300 million euros.
For those interested in staying updated on the latest financial news, the Euro am Sonntag Action Subscription offers a valuable resource. With its digital subscription, subscribers can receive all the latest news and updates in a convenient, ad-free format.
The Gubor Group, in its financial endeavors, is not only issuing a new bond for a target volume of 60 million euros but also introducing a digital subscription service, offering investors the latest news and updates. However, it's essential to note that the risk profile associated with the bond issue, due to the absence of a specific rating or analysis for Gubor’s bond, remains uncertain.
