DF Deutsche Forfait AG: Trading resumed and corporate bond 2013/20 to be traded flat as of 16 AprilDF Deutsche Forfait AG and the Frankfurt Stock Exchange have agreed to change the listing of the corporate bond 2013/20 (Entry Standard; ISIN: DE000A1R1CC4) from trade with accrued interest to flat trade and to resume trading, which had temporarily been suspended, as of 16 April.
Deutsche Börse had informed the company that stock market trading of the corporate bond will be suspended until the resolutions adopted by the second bondholders’ meeting – especially in conjunction with the reduced interest rate – have been implemented. As the Board of Management is of the opinion that all relevant conditions precedent for the amendment of the terms and conditions of the bond can be fulfilled by the end of April 2015, as announced in the press release dated 8 April 2015, Deutsche Börse has agreed to resume stock market trading of the corporate bond.
The change from trade with accrued interest to flat trade reflects the planned interest rate reduction of the corporate bond 2013/20 retroactively as of 27 May 2014 as decided by the second bondholders‘ meeting. So far, accrued pro-rated interest for the current interest period has been settled separately from the price. Flat trade of the bond means that accrued interest are included in the daily market price and will no longer be settled separately.
The resumption of trading will give bondholders and interested investors a market valuation of the bond based on the resolutions adopted by the second bondholders’ meeting. Moreover, they will have the possibility to trade the bond