Creditor relations
The Otto Group is a privately owned family business that pursues a conservative strategy focused on the long term in regard to financing. We have a trust-based relationship with a diversified group of German and international banks. Since 2009 we have used the capital market as another source of financing and have issued over EUR 2 billion in bonds since then.
The EMTN program and the commercial paper program give the Otto Group instruments to flexibly take advantage of opportunities on the capital market.
Overview of Otto Group bonds
Public bonds
| ISIN | Currency | Amount | Coupon | Maturity date | Documentation |
|---|---|---|---|---|---|
| CH0511961390 | CHF | 52.33 mln* | 1,500% | 9 Dec 2024 | |
| XS1979274708 | EUR | 221.3 mln* | 2,625% | 10 April 2026 | |
| XS1853998182 | EUR | 248.1 mln* | 4,000% | Undated** | |
| XS1660709616 | EUR | 50 mln | Variable | 24 Aug 2026 | |
| XS1625975153 | EUR | 190.5 mln* | 1,875% | 12 Jun 2024 |
* Nominal amount reduced from original issuance amount through bond repurchases
** First Call Date: 17 Jul 2025
*** Key Information Document pursuant to EU Regulation 1286/2014 (in German language)
Private placements
| ISIN | Currency | Amount | Coupon | Maturity date |
|---|---|---|---|---|
| XS2063541358 | EUR | 15 mln | 3,180% | 10 Oct 2034 |
| XS2111951690 | EUR | 40 mln | 3,000% | 30 Jan 2032 |
| XS2028841489 | EUR | 30 mln | 3,400% | 17 Jul 2031 |
Commercial paper
As of 28 February 2023 the total nominal amount of outstanding commercial paper of Otto (GmbH & Co KG) is 145 million euros.
General information
- The Otto Group’s financial year runs from March 1 of each year to February 28 or 29 of the following year.
- The Otto Group's next Annual Press Conference and the publication of the Annual Report for the 2023/24 financial year are expected to take place on May 29, 2024.
- The Otto Group does not have a public rating from a rating agency and is also not planning to obtain such a rating for the time being.
- Otto Group bonds can be bought and sold through banks.
Contact
If you have any questions about our bonds, please send an email to: crdtr-rltnsttgrpcm