---
title: NORTHERN BITCOIN ISSUES CONVERTIBLE BOND
description: "Northern Bitcoin AG/ Key word(s): Corporate Action  NORTHERN BITCOIN ISSUES CONVERTIBLE BOND  15-Nov-2019/ 17:29 CET/CEST  Disclosure of an inside information acc. to Article 17 MAR of the Regulation(EU) No 596/2014, transmitted by DGAP- a service of EQS Group AG.  The issuer is solely responsible for"
---

[News ](https://northerndata.de/en/investor-relations/news)

# [NORTHERN BITCOIN ISSUES CONVERTIBLE BOND](https://northerndata.de/en/investor-relations/news/northern-bitcoin-issues-convertible-bond)

 Written by [Northern Data Group](https://northerndata.de/en/investor-relations/news/author/northern-data-group) | Nov 15, 2019 4:29:10 PM

| Northern Bitcoin AG / Key word(s): Corporate Action NORTHERN BITCOIN ISSUES CONVERTIBLE BOND 15-Nov-2019 / 17:29 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. **AD HOC RELEASE** **NORTHERN BITCOIN ISSUES CONVERTIBLE BOND Frankfurt on the Main, November 15, 2019.** Northern Bitcoin AG (Xetra: NB2, ISIN: DE000A0SMU87) has resolved to issue a convertible bond with subscription rights for shareholders. The Company has already received confirmation from major international strategic investors in the blockchain sector for EUR 10,000,000; the total volume amounts to up to EUR 20,000,000. The interest rate stands at 5 percent per year. The convertible bond will have a term of five years. The conversion price is EUR 8.00 per share and the Company is entitled to pay a cash sum of EUR 21.00 ("cap") instead of delivering the shares. The Company intends to publish a subscription offer after the preparation and approval of the required securities prospectus. This is expected in the course of the first quarter of 2020. **Press contact:** Northern Bitcoin AG Dr. Hans Joachim Dürr Head of Corporate Communications Thurn-und-Taxis-Platz 6 60313 Frankfurt Mail: [h.duerr@northernbitcoin.com](mailto:h.duerr@northernbitcoin.com) Phone: +49 69 348 752 89 **Investor Relations:** Sven Pauly Mail: [ir@northernbitcoin.com](mailto:ir@northernbitcoin.com) Phone: +49 89 125 09 03 31 15-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de |
| --- |

| Language: | English |
| --- | --- |
| Company: | Northern Bitcoin AG |
| Thurn-und-Taxis-Platz 6 |  |
| 60313 Frankfurt/Main |  |
| Germany |  |
| Phone: | +49 69 34 87 52 25 |
| E-mail: | info@northernbitcoin.com |
| Internet: | www.northernbitcoin.com |
| ISIN: | DE000A0SMU87 |
| WKN: | A0SMU8 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange |
| EQS News ID: | 914633 |

|   |  |
| --- | --- |
| End of Announcement | DGAP News Service |

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