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- Successful placing of new € 400 mn corporate bond, with 2.750% coupon and 5-year maturity
- Proceeds from bond issue will be used for general corporate purposes
Today, Wienerberger AG successfully placed a new bond with institutional investors. The bond, with a volume of € 400 million and a denomination of € 100,000, has a maturity of 5 years and an annual fixed coupon of 2.750% of the nominal amount. The proceeds from the bond issue are to be used for general corporate purposes. Due to the high interest from Austrian and international institutional investors, the bond was approximately two and a half times oversubscribed for a total issue volume of € 400 million.
The issue of our new bond was received with great interest by the market. The attractive terms confirm investors’ significant appetite to make long-term investments in Wienerberger, even in challenging times, underpinned by our strong strategic vision, innovation capabilities and the consistent implementation of our sustainable growth strategy. This bond issue further strengthens our robust liquidity position, extends our maturity profile and will allow us to capitalize on opportunities arising from the current crisis and position Wienerberger for the future.
Approximately 90% of the bond was placed with international institutional investors, with the remaining 10% placed with institutional investors in the domestic Austrian market. The issue price amounted to 99.425% of the nominal value. The bond will be admitted to trading on the Official Market of the Vienna Stock Exchange on the basis of a listing prospectus which has been approved by the Austrian Financial Market Authority on 29 May 2020 and published in accordance with applicable laws. The listing prospectus will only serve for listing purposes and does not relate to any offering of bonds.
Legal disclosure:
This announcement is intended for advertising purposes and constitutes a marketing communication and an advertisement in accordance with Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (“Prospectus Regulation”) and in connection with the admittance of the securities to trading on a regulated market; it does not purport to be full or complete and is no financial analysis, an advice or a recommendation relating to financial instruments. The securities referred to have already been sold. The information contained in this announcement is for information purposes only. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not contain or constitute or form part of, and should not be construed as, an offer or invitation to sell, or the solicitation of an offer to buy or subscribe for, any securities. The distribution of this announcement and the offer and sale of the securities referred to herein may be restricted by law in certain jurisdictions and persons reading this announcement should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Any offer of securities to the public, as referred to in this announcement, in an EEA Member State was exclusively addressed to qualified investors in that Member State. This announcement does not constitute a recommendation concerning any private placement of such securities. Investors should consult a professional advisor as to the suitability of any private placement for the person concerned.
This announcement is addressed exclusively to persons legally entitled to receive it. In particular, it is not addressed to U.S. citizens or persons resident in the United States of America ("USA"), Australia, Canada, Japan, Ireland or the United Kingdom. It is neither an offer to purchase nor a public invitation to sell securities in the USA, Australia, Canada, Japan, Ireland or the United Kingdom or any jurisdiction in which such an offer or invitation would be contrary to the law. This announcement is not for publication or distribution in the USA and may not be distributed to U.S. persons or publications generally distributed in the USA nor be published or distributed in any other country in which its publication or distribution would be contrary to the law.
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