K+S Aktiengesellschaft Unveils €300 Million Convertible Bonds Offering

K+S Aktiengesellschaft has announced a new offering of convertible bonds totaling approximately €300 million due in 2031. The bonds, identified by ISIN DE000A460GW7, can be converted into up to 17.91 million of the company's no-par-value ordinary registered shares. The existing shareholders' pre-emptive rights to subscribe are excluded from this offer.

The bonds will bear a coupon between 0.375% and 0.875% per annum, with the initial conversion price set at a premium of 30% to 35% over the reference share price on XETRA. The offering is targeting institutional investors through an accelerated bookbuilding process.

Proceeds from this offering will finance the recent acquisition of Qemetica's salt business and support other corporate purposes. Settlement is expected on or around June 16, 2026, with plans for trading on the Frankfurt Stock Exchange's Open Market segment.