{"id":43983,"date":"2017-11-26T16:20:56","date_gmt":"2017-11-26T14:20:56","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/tailor-made-financing-via-the-stock-exchange-borrowing-to-finance-growth\/"},"modified":"2017-11-26T16:20:56","modified_gmt":"2017-11-26T14:20:56","slug":"customized-financing-through-the-stock-exchange-borrowing-for-growth-financing","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/customized-financing-through-the-stock-exchange-borrowing-for-growth-financing\/","title":{"rendered":"Tailor-made financing via the stock exchange \u2014 borrowing to finance growth"},"content":{"rendered":"

Barbara Georg<\/strong> \u2014 Head of Listing & Issuer Services Deut\u00adsche B\u00f6rse AG, Frankfurt\/Main<\/p>\n

Michael Rie\u00df<\/strong> \u2014 Key Account Mana\u00adger in Listing & Issuer Services Deut\u00adsche B\u00f6rse AG, Frankfurt\/Main<\/p>\n","protected":false},"excerpt":{"rendered":"

The German economy is proving robust in the finan\u00adcial crisis. German SMEs in parti\u00adcu\u00adlar are well posi\u00adtio\u00adned to take on the chal\u00adlenges of the situa\u00adtion. In this context, it is important to posi\u00adtion ones\u00adelf correctly for the future and to set the course for growth and inno\u00adva\u00adtion finan\u00adcing at an early stage. The capi\u00adtal can be raised on the stock exch\u00adange, for exam\u00adple through a bond issue.<\/strong><\/p>\n

German SMEs appear to be very well posi\u00adtio\u00adned in the finan\u00adcial crisis. The German economy is largely unim\u00adpres\u00adsed by the situa\u00adtion on the Euro\u00adpean finan\u00adcial markets. But in addi\u00adtion to tech\u00adni\u00adcal inno\u00adva\u00adtions, entre\u00adpre\u00adneurs must also keep an eye on finan\u00adcing growth in order to remain compe\u00adti\u00adtive. If loan finan\u00adcing from banks proves too diffi\u00adcult for entre\u00adpre\u00adneurs in the wake of the finan\u00adcial crisis and the requi\u00adre\u00adment for higher equity capi\u00adta\u00adliza\u00adtion at insti\u00adtu\u00adti\u00adons, finan\u00adcing will have to be struc\u00adtu\u00adred differ\u00adently: Why not raise outside capi\u00adtal via the stock market?<\/p>\n

Since fall 2010, compa\u00adnies have redis\u00adco\u00advered an old form of finan\u00adcing: the corpo\u00adrate bond. Market opera\u00adtors have respon\u00added by crea\u00adting suita\u00adble markets for this form of finan\u00adcing. Medium-sized compa\u00adnies in parti\u00adcu\u00adlar are the focus here. The capi\u00adtal requi\u00adre\u00adments of the compa\u00adnies whose bonds have so far been listed in these segments range from 15 million to 150 million euros. These compa\u00adnies come from a wide range of indus\u00adtries, some of which are alre\u00adady listed on the stock exch\u00adange or have not yet even ente\u00adred the capi\u00adtal market. This proves that these midmar\u00adket segments are suita\u00adble for all types of companies.<\/p>\n

Many medium-sized entre\u00adpre\u00adneurs cate\u00adgo\u00adri\u00adcally reject a clas\u00adsic IPO as a finan\u00adcing chan\u00adnel. The reasons for this usually lie in the assump\u00adtion that a stock market listing rest\u00adricts entre\u00adpre\u00adneu\u00adrial free\u00addom: Too much trans\u00adpa\u00adrency, loss of inde\u00adpen\u00addence and simply too high costs deter foun\u00adders from taking the path to the stock markets.<\/p>\n","protected":false},"featured_media":41057,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2509,2526],"product_tag":[1761,1766,1793,1861,1864],"class_list":{"0":"post-43983","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2012-2","8":"product_cat-barbara-george","9":"product_tag-barbara-george","10":"product_tag-michael-riess-en","11":"product_tag-equity-capitalization","12":"product_tag-innovation-funding","13":"product_tag-bond-issue","14":"pa_sprache-english-3","15":"pa_sprache-german","17":"first","18":"outofstock","19":"taxable","20":"shipping-taxable","21":"purchasable","22":"product-type-variable"},"yoast_head":"\nTailor-made financing via the stock exchange - borrowing to finance growth - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/customized-financing-through-the-stock-exchange-borrowing-for-growth-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tailor-made financing via the stock exchange - borrowing to finance growth - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"The German economy is proving robust in the financial crisis. German SMEs in particular are well positioned to take on the challenges of the situation. In this context, it is important to position oneself correctly for the future and to set the course for growth and innovation financing at an early stage. The capital can be raised on the stock exchange, for example through a bond issue. German SMEs appear to be very well positioned in the financial crisis. The German economy is largely unimpressed by the situation on the European financial markets. But in addition to technical innovations, entrepreneurs must also keep an eye on financing growth in order to remain competitive. If loan financing from banks proves too difficult for entrepreneurs in the wake of the financial crisis and the requirement for higher equity capitalization at institutions, financing will have to be structured differently: Why not raise outside capital via the stock market? Since fall 2010, companies have rediscovered an old form of financing: the corporate bond. Market operators have responded by creating suitable markets for this form of financing. Medium-sized companies in particular are the focus here. The capital requirements of the companies whose bonds have so far been listed in these segments range from 15 million to 150 million euros. These companies come from a wide range of industries, some of which are already listed on the stock exchange or have not yet even entered the capital market. This proves that these midmarket segments are suitable for all types of companies. Many medium-sized entrepreneurs categorically reject a classic IPO as a financing channel. 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