Benckiser Roth (www.benckiser-roth.com), a leading commodity markets broker and provider of post trade risk mitigation and information services, successfully priced today a USD50 million bond issue under the company’s Medium Term Note program. This senior unsecured bond bears a coupon of 5 percent for a 5-year maturity and will be listed on the Commodities Stock Exchanges throughout Asia Pacific Region.
Following a very well attended four-day pan-Asian road show where the company met with more than 50 fixed income investors, the new Benckiser Roth issue received strong support from institutional investors and private banks as reflected by the bond being close to two times over-subscribed.
This new bond marks Benckiser Roth’s second market issuance under its EMTN program following its inaugural USD50 million 5.25 percent 2018 bond issuance.
The proceeds of the bonds will serve to refinance part of its USD40 million debut USD bond which was repaid this year. It will enable Benckiser Roth to extend duration and support its fixed asset investment program.
“This confirms the continuous diversification of our financing base with institutional investors and demonstrates our capacity to tap the market at regular intervals,” said Richard Man-kuen, CEO for Benckiser Roth.
Mr. Richard Man-kuen concluded, "It's important to remember that our company is very strong and well capitalized, with leading teams across our businesses. We maintain our fortress balance sheet and capital strength to withstand financial endeavors like this, and we will remain diligently focused on our clients, who count on us every day."
About Benckiser Roth
Benckiser Roth (www.benckiser-roth.com) is a professional commodity broker. The company’s mission is to provide investors with consistent profits, while managing risk. In pursuit of this mission, the firm pledges to operate transparently, with a dedication to the highest ethical and regulatory standards in the business. Benckiser Roth adapts the products and services to meet the customers' unique requirements. As an Introducing Broker handling all commodities, futures and options on futures contracts traded on all the major futures exchanges, the firm provides an unparalleled level of service, both personally and electronically, to sustain the long-term successful business relationships.
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Website: http://benckiser-roth.com/
