- €29m of the UBM Bond 2018-2023 exchanged for the new bond
- Subscription period for the 7% UBM Green Bond 2023-2027 begins today
Vienna, 27.06.2023 – “The retail-driven exchange rate for our first green bond is a confirmation of our strategy“, explained Patric Thate, CFO of UBM Development AG and added, “and it also means we are taking the next logical step in green financing“.
The cash subscription period for the 7%, four-year UBM Green Bond 2023-2027 (AT0000A35FE2) starts today. The cash subscription offer was preceded by an offer to exchange the UBM Bond 2018-2023 for the new four-year UBM Green Bond 2023 and was accepted by nearly one-fourth of the holders of the old UBM Bond 2018-2023. A total nominal value of €28.94m from the UBM Bond 2018-2023 was exchanged for the new UBM Green Bond, which represents exactly 24.12% of the outstanding bond’s total nominal value. The exchange period ended on 26 June 2023. The re-offer price was set at 99.75% by the issuer in consultation with the joint lead managers to ensure an equal offer for all new subscribers.
Interested investors can subscribe to the 7% UBM Green Bond 2023-2027 during the period from 27 June to 3 July 2023, whereby early closing is possible. The UBM Green Bond 2023 is offered for subscription by way of a public offer with prospectus in Austria, Germany and Luxembourg and in other countries through a private placement for subscription. The envisaged value date is 10 July 2023. The UBM Green Bond 2023 is intended to be listed for trading on the Official Market (Corporates Prime) of the Vienna Stock Exchange.
Disclaimer
This document is an advertisement within the meaning of Regulation (EU) 2017/1129 (“Prospectus Regulation”) and Delegated Regulation (EU) 2019/979, as amended, and the information contained herein does not constitute, and should not construed as, an offer to sell or the solicitation of an offer to buy or subscribe for any securities of UBM Development AG (“Issuer”). The information contained herein may not be distributed outside of Austria, Germany and Luxembourg and, in particular, is not intended for direct or indirect publication in or into the United States of America, Australia, Canada or Japan. In particular, this document (and the information contained herein) does not constitute or imply any offer of securities for sale or any solicitation of an offer to purchase any securities in the United States, Australia, Canada or Japan or the United Kingdom of Great Britain and Northern Ireland or in any other country in which such offer or solicitation is prohibited. A public offering subject to a prospectus will be made exclusively in Austria, Germany and Luxembourg (“Offer”) to investors resident there on the basis of a securities prospectus prepared in accordance with the Prospectus Regulation which was approved by the Austrian Financial Market Authority on 14 June 2023, published as planned and notified to the Federal Financial Supervisory Authority in the Federal Republic of Germany and to the Commission de Surveillance du Secteur Financier in the Grand Duchy of Luxembourg as well as any supplements and addendums thereto (together the “Prospectus”). The approval of the Prospectus is not to be understood as an endorsement of the UBM Green Bond 2023 offered. The approved Prospectus was published in electronic form on the Issuer’s website at www.ubm-development.com, sub-menu “investor relations”, sub-item “bonds” and is available free of charge at the registered office of the Issuer, Laaer-Berg-Straße 43, 1100 Vienna. In connection with the Offer, only the information in the Prospectus is binding, the information in this publication is non-binding. Investors should therefore familiarize themselves with the contents of the Prospectus before making their investment decision, in particular with the information on risks, taxes and conflicts of interest, and seek detailed personal advice taking into account their personal asset and investment situation. Investors are therefore advised to read the Prospectus before making any investment decision in order to fully understand the potential risks and rewards of the decision to invest in the UBM Green Bond 2023. An investment in securities is subject to risks. Investors bear the credit risk of the Issuer. In the event of insolvency and/or liquidation of the Issuer, amounts payable on interest and/or principal may be lower; total loss of the capital invested is also possible in these cases.
UBM Development is one of Europe´s leading developers of timber construction projects. The strategic focus is on green building and smart office in major cities like Vienna, Munich, Frankfurt and Prague. A Platinum rating from EcoVadis and Prime Status from ISS ESG confirm the consequent focus on sustainability. With 150 years of experience, UBM offers all development services from a single source, from planning to marketing. The shares are listed on the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.
For additional information contact:
Christoph Rainer
Head of Investor Relations & ESG
UBM Development AG
Mob.: + 43 664 80 1873 200
E-Mail: christoph.rainer@ubm-development.com