Key Data of new 7% UBM Green Bond 2024-2029 and of the exchange offer for UBM Bond 2019-2025 and for Sustainability-Linked UBM Bond 2021-2026
Overview of the offering
(for details please read the prospectus incl. any supplements and supplementary notices, if any)
Cash subscription offering
| Offering period |
16 October 2024 to 22 October 2024 (subject to early closing) |
| Re-offer price* |
98.00% – 100.00% |
* The re-offer price will be determined after the end of the exchange period on or about 15 October 2024 / Retail investors may subscribe the notes at the re-offer price plus a selling fee of up to 1.5% points charged by the respective financial intermediary placing the Notes; usual discounts can be granted.
Exchange offer for UBM Bond 2019-2025 (ISIN: AT0000A2AX04)
| Exchange offer period |
1 October 2024 to 15 October 2024 |
| Exchange ratio |
1:1 (plus accrued interest of EUR 13.19 per EUR 500.00 face value of the UBM Bond 2019-2025) |
| Volume |
up to EUR 100,000,000 (potential increase to up to EUR 150,000,000 in aggregate for both bonds offered for exchange) |
| Value Date |
29 October 2024 |
| Dealer Manager |
Raiffeisen Bank International AG, M.M.Warburg & CO |
| Exchange Agent |
Raiffeisen Bank International AG |
Exchange offer for Sustainability-Linked UBM Bond 2021-2026 (ISIN: AT0000A2QS11)
| Exchange offer period |
1 October 2024 to 15 October 2024 |
| Exchange ratio |
1:1 (plus accrued interest of EUR 6.89 per EUR 500.00 face value of the Sustainability-Linked UBM Bond 2021-2026) |
| Volume |
up to EUR 100,000,000 (potential increase to up to EUR 150,000,000 in aggregate for both bonds offered for exchange) |
| Value Date |
29 October 2024 |
| Dealer Manager |
Raiffeisen Bank International AG, M.M.Warburg & CO |
| Exchange Agent |
Raiffeisen Bank International AG |
Basic data for UBM Green Bond 2024-2029
| Issuer |
UBM Development AG |
| ISIN |
AT0000A3FFK1 |
| Volume |
up to EUR 100,000,000 (potential increase to up to EUR 150,000,000), incl. exchange volume |
| Denomination |
EUR 500.00 |
| Coupon rate |
7% p.a., payable annually in arrears, on 29 October |
| Value date |
29 October 2024 |
| Term |
5.0 years, bullet repayment |
| Redemption price |
At maturity at 100% of par value |
| Use of Proceeds |
An amount equal to the net proceeds is intended to finance and/or refinance, in whole or in part, new or existing eligible projects in accordance with the Issuer’s Green Finance Framework (“GFF”). A Second Party Opinion (“SPO”) on the GFF has been issued by ISS ESG. The GFF and the SPO are available on the Issuer’s website (www.ubm-development.com/green-finance/). |
| Maturity |
29 October 2029 |
| Listing |
Official Market of the Vienna Stock Exchange – Corporates Prime segment |
| Sole Global Coordinator & Sustainability Structuring Agent, Paying Agent & Joint Bookrunner |
Raiffeisen Bank International AG |
| Joint Bookrunner |
Raiffeisen Bank International AG, M.M.Warburg & CO |