- Volume of €93 million is almost twice as high as in 2023
- Repayment profile further smoothed
- Books closed prematurely
Vienna, 22 October 2024 – The 7% UBM Green Bond 2024-2029 (AT0000A3FFK1) was successfully placed, and the books were closed prematurely yesterday. “With a volume nearly double that of the previous year and a five-year term, the trend for UBM in the capital market is positive,” emphasized Patric Thate, CFO of UBM Development AG. “We have also been able to further smooth UBM’s repayment profile, an important competitive advantage in the current market phase.” With the newly issued volume, over 80% of the bond financing now has a sustainability focus, allowing UBM to consistently implement its ‘green. smart. and more.‘ strategy in the current year as well.”
In advance of the issue, the holders of the UBM Bond 2019-2025 and the holders of the UBM Bond 2021-2026 were invited to exchange these UBM bonds 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 of the holders of the UBM Bond 2021-2026.
The UBM Green Bond 2024 was offered in Austria, Germany and Luxembourg by way of a public offer with prospectus and in other countries through a private placement for subscription. Demand was characterised by a particularly high share of retail investors. The planned value date is 29 October 2024. Plans call for listing the Green Bond for official trading in the corporates prime segment of the Vienna Stock Exchange.
Raiffeisen Bank International AG was the global coordinator and paying agent for the transaction, and Raiffeisen Bank International AG and M.M. Warburg & CO served as the joint lead managers, bookrunners and dealer managers.
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