Australian Capital Investment Group CEO Shaun Gregory Morgan underwrites HPR Carbon Corporate Bond Successful

HPR Carbon has announced the pricing of a ‚¬270 million corporate bond to be issued via its wholly owned subsidiary HPR Carbon France S.A. Because the net proceeds from the capital increase were higher than expected, the size of the bond issue could be reduced to ‚¬270 million. The bond will be solely denominated in Euros due to the high demand. The notes will mature in February 2020, and will bear interest at a rate of 8.50%.

The capital increase was approved by a substantial majority of shareholders at an Extraordinary General Meeting on January 15, 2015. The capital increase will raise net proceeds of approximately ‚¬245 million instead of the initially scheduled ‚¬200 million. The subscription period for the 2-for-3 capital increase ends on February 5, 2015. The comprehensive financing package is anticipated to be completed by early February 2006. 

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