NEWS12 April 2011

GfK issues €200m in bonds

Europe Financials

GERMANY— GfK has issued €200million-worth of bonds, with the funds raised to be used primarily to replace existing short-term liabilities.

The bond’s coupon – the interest it pays out – has been set at 5% with a term of five years. The issue was “heavily oversubscribed”, the company said.

Finance chief Pamela Knapp added: “The fact that our first issue is resonating so well confirms the general confidence in GfK.”

GfK’s sales increased 11.1% to €1.29bn last year, while adjusted operating income climbed 25.7% to €185m.