By Mary-Katherine Stinson
Lexington, Ky., April 25 – ProCredit Holding AG's (PCH) placed €125 million of green tier 2 subordinated bonds (BB-), according to a news release.
Due to “strong demand,” the placement volume was increased from the originally expected €100 million.
The issue will increase the company’s total capital ratio by approximately 2%. It was 15.8% at the end of 2023.
Goldman Sachs Bank Europe SE was the sole global coordinator and bookrunner.
Based in Germany, the development-oriented commercial banking group focuses on small and medium enterprises in Eastern Europe.
| Issuer: | ProCredit Holding AG
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| Amount: | €125 million
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| Issue: | Green tier 2 subordinated bonds
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| Bookrunner: | Goldman Sachs Bank Europe SE
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| Announcement date: | April 25
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| Rating: | Fitch: BB-
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