GfK Places EUR 200m Bond Issue

GfK has issued EUR 200m of bonds to institutional and private investors in Europe, the proceeds of which will be used primarily to replace existing short-term liabilities.

The bonds will be officially issued on 14 April on the Luxembourg Stock Exchange in denominations of EUR 1,000, and the firm says the offer was 'heavily oversubscribed'.

'We are delighted with the high level of interest shown by investors,' says CFO Pamela Knapp. 'The fact that our first issue is resonating so well confirms the general confidence in GfK.'

Last month, GfK reported an 11.1% rise in income to a record EUR 1.29 billion. Adjusted operating income climbed from EUR 147.2m to EUR 185.0m with operating margin also at a historical high, 14.3%.

Web site: www.gfk.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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