KTG Energie Seeks to Raise $33 Million in Bonds for Acquisitions
KTG Energie AG (KB7), a German developer of biogas power plants, is seeking to raise 25 million euros ($33 million) by selling corporate bonds to finance growth.
KTG Energie, the Hamburg-based unit of KTG Agrar AG (7KT), began issuing six-year bonds with a 7.25 percent coupon in Frankfurt, it said in a statement. Chief Executive Officer Thomas Berger plans to “speed up growth through acquisitions,” he said.
KTG Energie operates about 31 megawatts of biogas plants and has a market value of about 87 million euros.
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