Richter said late in March that its management had taken "initial steps" to participate in the BGS with the issue of a 10-year bond.
On Thursday, Richter said the issue had been assigned a BBB+ rating by Scope Ratings.
In its rating rationale, Scope Ratings said Richter planned to issue a ten-year BGS fixed-coupon bond with amortization of 10% in years 7-9 and 70% in year ten. Richter will use proceeds from the sale for "general corporate financing", it added.
Scope Ratings noted that Richter "intends to increase its dividend pay-out in the next years to avoid excess cash accumulation".
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