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Wireless

G+D raises EUR 200 mln with bank loan

Monday 23 July 2018 | 13:48 CET | News
Global security technology group Giesecke+Devrient (G+D) said it has placed a secured loan of EUR 200 million for the first time in company history, taking advantage of "favorable conditions" on capital markets as a result. G+D said it doubled its original target volume in light of high demand from investors. The loan was placed with a number of savings banks, cooperative institutions and German commercial banks and comprises terms of between 5 and 10 years. G+D said proceeds from the loan will be used for "general business financing" and supporting operational growth in areas like payment,

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Categories: Mobile & Wireless
Companies: Giesecke & Devrient
Countries: Germany
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