Bond Report
Development of the corporate bond
The price of Logwin AG’s senior subordinated corporate bond, which is listed on the Luxembourg exchange, lost ground at the beginning of the year, experiencing significant losses in the first few months of 2009 after closing the previous year at 87.44. This downward trend, based on the general uncertainty on the capital markets, resulted in a low for the Logwin bond of 60.10 on March 2, 2009. Following the dramatic fall in price in the first few months, hopes of a lasting reversal of the trend and a stabilization of the global economy boosted the capital markets. The Logwin AG corporate bond benefited from this upswing and recorded a continuous rise in price in the further course of the year. Following an annual high of 94.25 on October 16, 2009, the bond closed on December 31, 2009, at a price of 92.00, exceeding the closing price of the previous year.