11/14/2018
UBM Development AG has placed a new five-year bond of 3.125% with a volume of EUR 75 million. UBM bonds are offered in the form of public offerings in Austria, Germany and Luxembourg and are in high demand with 500 euro denominations, especially from retail investors. The development of UBM plans to use the results of the problem to refinance existing financing and to implement new and existing projects.
As part of the offer, investors in existing 2014-2019 UBM bonds are also offered the opportunity to switch to new UBM bonds 2018-2023. Following the exchange of around EUR 84 million in the previous year, further investors with volumes just under EUR 25 million have chosen to exchange – in total, the 2014-2019 UBM bond exchange rate is around 55 percent. "This high exchange rate is a testament to the strong trust of our investors at UBM as a repeat and reliable bond issuer. Newly issued bonds and successful exchanges allow us to further streamline our payment profile," explained Patric Thate, UBM CFO Development AG.
The joint lead manager, bookrunner and transaction manager manager are Raiffeisen Bank International AG, Vienna and Erste Group Bank AG, Vienna, co-manager is Allgemeine Sparkasse Oberösterreich Bankaktiengesellschaft, Linz.
UBM
Act. Indication: 36,74 / 37,30
time: 19:38:41
Change to last SK: 0.06% to
Final Decree: 37.00 (1.37%)
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UBM-HV 29.5.18, Europlatz
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Christine Petzwinkler
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