+ "JACCAR issued €70 M of convertible bonds..."

JACCAR Holdings issued 70 million euros of convertible bonds in January 2010 to finance the growth of its investment portfolio. These bonds will be convertible/exchangeable when JACCAR Holdings is listed on the stock exchange, provided this listing occurs before 31 July 2012.  If the company is not listed at that date, the bonds will be reimbursed. These bonds are listed at the Open Market (Freiverkehr) of the Frankfurt Stock Exchange. The proceeds raised from this issuance will be applied to reinforce JACCAR Holdings’ presence in China and Vietnam through direct investment or through private equity investment funds.