12 June 2012

K+S Aktiengesellschaft

K+S places corporate bond in the amount of € 500 million

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K+S has today launched a bond with a volume of € 500 million. The bond (ISIN: DE000A1PGZ82) has a maturity of ten years. With an interest coupon of 3.0 % p.a. and an issue price of 99.422 %, the yield is 3.068 % p.a. The bond was much in demand on the part of institutional investors.

The proceeds from the bond issue will be used to refinance the outstanding corporate bond maturing in 2014. This, the liquidity available and the future cash flows serve to finance the Legacy Project in Canada and general corporate purposes.

"The rapid and successful placing of the ten-year bond shows the capital market’s confidence in the sustainable earnings capacity of the K+S Group", says Norbert Steiner, Chairman of the Board of Executive Directors of K+S Aktiengesellschaft. "The issuance of the bond with a maturity up to 2022 optimises our maturity profile, makes use of the capital market environment which is currently favourable for issuing investment-grade corporate bonds and guarantees long-term financing security on extremely attractive terms", Steiner continues.

Banco Santander, Barclays Bank, HSBC Bank and Landesbank Baden-Württemberg (LBBW) successfully accompanied the transaction as joint lead managers and bookrunners.

Experience growth

The K+S Group is one of the world's leading suppliers of standard and speciality fertilizers. In the salt business, K+S is the world’s leading producer with sites in Europe as well as North and South America. K+S offers a comprehensive range of goods and services for agriculture, industry, and private consumers, which provides growth opportunities in virtually every sphere of daily life. The K+S Group employs more than 14,000 people. The K+S share – the commodities stock on the German DAX index – is listed on all German stock exchanges (ISIN: DE000KSAG888, symbol: SDF). More information about K+S at www.k-plus-s.com.