Weee & PM rec. Management GmbH, a German-based innovator in the field of precious metals extraction, takes pride in announcing its fundraising debut with the issuance of corporate step-up bonds on the European OTC debt capital markets. The issued bonds feature the following properties:
- Issuer: Weee & PMR rec SPV PLC
- Issue Size: EUR (€) 45 million
- Coupon/Terms: Step-up bonds paid annually, from 3% to 8% per annum. 8% starting from 2024
- Listing: Europe OTC
- Status: Registered, unsecured
- Issue date: December 2021
- Maturity: 2029
- Form: Euroclear CREST book-entry form
- Borrower: Weee & PM rec. Management GmbH
- Form: Euroclear CREST book-entry form
- Clearing: CREST, Euroclear
- Use of proceeds: The funds raised by the bonds are to be invested in the extraction of precious metals from secondary sources.
Launched in Germany in September 2021, Weee & PM rec. Management GmbH is set to implement and promote world-leading expertise in sustainable and environmentally friendly precious metals extraction processes developed and patented by its partner Koras GmbH, by utilizing innovative and highly effective electronic waste treatment IND 4.0 technology.
Compared to mine production, this process is far more ecological as it does not require toxic chemicals or thermal solutions that consume a lot of energy, and it is not harmful to the environment.
“Raising capital with Euro Bonds on the OTC market will allow us to move forward with our project at creating a perfect environment for the overall working and manufacturing processes in metal extraction that will provide a competitive advantage across all stages of the industrial value chain”, says Christian Niermann, Managing director of Weee & PM rec. Management GmbH.
Employing the progressive expertise in extracting precious metals from the platinum group will enable Weee & PM rec. Management GmbH to combine research and application and develop new metal extracting machines corresponding to higher environmental sustainability standards and being more cost-efficient, which will be beneficial for the German economy.
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