Germany's Albis Leasing marketing €50 million 7 5/8% five-year notes

By Paul A. Harris

Portland, Ore., Sept. 19 - German equipment rental company Albis Leasing AG pitched an offering of up to €50 million of 7 5/8% five-year notes to both institutional accounts and retail investors in a Monday press release.

A subscription period for the unrated high-yield notes got underway on Monday. It ends on Sept. 30.

Investors may subscribe via agents Cortal Consors, DAB Bank AG, Flatex AG and ViTrade, or via the homepages of the company or the Hamburg Stock Exchange.

The company plans to list the notes on the SME market exchanges of Hamburg and Hanover on Oct. 4.

The Hamburg, Germany-based company plans to use the proceeds to strengthen its capital base.

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