Euler Hermes Rating: Bond has investment grade Status - KGAL Group is returning to the private investor channel with an innovative product. The investment and asset manager, founded in 1968, is launching “physible Enterprise I 18/23”, a market-listed bond issue targeted in particular at private investors, via the newly founded subsidiary physible GmbH. The security has a term of five years, and an annual coupon of 3%, which will be distributed six-monthly. KGAL Group will, directly or indirectly, use the proceeds of the issue for investments in real estate, infrastructure (renewable energies) and aircraft within the KGAL investment universe.
“With physible Enterprise I 18/23, we are enabling private investors to participate in earning opportunities that are normally reserved for professional investors,” explains Gert Waltenbauer, Chief Executive Officer of KGAL GmbH & Co. KG. “In order to spread risk sensibly and achieve a balanced portfolio, private investors also need to invest in real assets. However, there have been hardly any investment opportunities available until now. We are filling this gap with physible Enterprise I 18/23.”
Subscription period opened on 17 September 2018
Individuals interested in physible Enterprise I 18/23 can invest in the bond issue on the www.physible.de digital platform since 17 September 2018. In addition, offers for the bond issue can be submitted on Börse München between 1 and 12 October 2018. The term begins on 15 October 2018.
The bond issuer is physible GmbH, a subsidiary 100% owned by KGAL GmbH & Co. KG. The issue volume is €30 million, comprising 30,000 shares each with a nominal value of €1,000. “The low minimum investment amount of €1,000 means that private investors are able to benefit from this offering. In addition, the sixmonthly coupon payout is extremely attractive, as it ensures steady and predictable income,” explains Waltenbauer. “As this bond issue is listed on the stock exchange, it can also be sold during its five-year term.”
Investors benefit from KGAL’s many years of expertise
physible GmbH is part of KGAL Group, a leading, independent investment and asset manager with a managed investment volume of €22.7 billion. With its registered office in Grünwald near München, the group operates throughout Europe and has been a successful investing for 50 years. It holds financial interests in many well-known investment assets such as the Allianz Arena in Munich. Its focus is on long-term capital investments for institutional investors in the real estate, infrastructure (renewable energies) and aircraft asset classes. physible Enterprise I 18/23 will now enable private investors to once again invest directly with KGAL Group and thereby benefit from its strong long-time track record. The company was recently awarded AAA- for its management capabilities by the independent ratings agency Scope. Euler Hermes rated the “physible Enterprise I 18/23” bond issue at BBB-.