The originally targeted issue volume of 100 million euros was significantly oversubscribed thanks to strong interest from both German and international investors. MANN+HUMMEL has therefore decided to increase the volume of the promissory note with sustainability component to a total of 185 million euros. To enable as many investors as possible a participation in the promissory note, individual latecomer tranches were also offered. MANN+HUMMEL is using the proceeds of the transaction to repay existing financial liabilities.
