- Around €74m of the UBM bonds 2019-2025 and 2021-2026 exchanged for the new Green Bond
- The cash subscription offer period for the 7% UBM Green Bond 2024-2029 starts today
- The price was set at 100%
Vienna, 16.10.2024 – “UBM has again demonstrated that it continues to enjoy the confidence of the capital market. This trust is reflected in the decision by numerous investors to extend their commitment for a further five years”, explained Patric Thate, CFO of UBM Development AG.
The cash subscription offer period starts today for the 7% UBM Green Bond 2024-2029 (AT0000A3FFK1) which has a term of five years. The cash subscription offer was preceded by an offer to the holders of the UBM Bond 2019-2025 and the holders of the UBM Bond 2021-2026 to exchange these UBM securities for the new five-year UBM Green Bond 2024. The exchange offer was accepted by roughly one-fourth of the holders of the UBM Bond 2019-2025 and roughly one-fourth the holders of the UBM Bond 2021-2026. A total nominal amount of €73.6m resulting from the exchange of certificates from the UBM Bond 2019-2025 and the UBM Bond 2021-2026 was exchanged for the new UBM Green Bond 2024. The exchange period ended on 15 October 2024. The re-offer price was set by the issuer in agreement with the joint lead managers at 100.00%.
Interested investors will presumably be able to subscribe to the 7% UBM Green Bond 2024-2029 during the period from 16 October to 22 October 2024, whereby premature termination of the offer is possible and, consequently, the right to prematurely end the subscription period is reserved. The UBM Green Bond 2024 will be offered in Austria, Germany and Luxembourg through a public offer which is subject to the publication of a prospectus and in other countries through a private placement. The planned value date is 29 October 2024. Plans call for the listing of the UBM Green Bond 2024 for trading in 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 30 September 2024, 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 2024 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 2024. 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 and smart building in metropolitan areas like Vienna, Munich, Frankfurt and Prague. Platinum from EcoVadis and Prime Status from ISS ESG confirm the consequent focus on sustainability. With over 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