Oct 5, 2017 - focusis on the three clearly defined asset classes Hotel, Office and Residential, in the three core market
PRESS RELEASE
UBM successfully issues new bond – high demand leads to early closing of offering despite increasing bond volume
Issue volume increased to EUR 150 mn Order book heavily oversubscribed with more than EUR 200 mn Highest conversion ratio in company’s history
(Vienna, 5 October 2017) UBM Development AG, a real estate developer on a European scale, has successfully placed a new corporate bond on the capital market. As the bond was heavily oversubscribed – despite increasing the bond volume to EUR 150 mn – the order book was closed prematurely after a few hours on the first day of the subscription period. The new UBM bond 2017-2022 was issued with a coupon of 3.25% and a fiveyear maturity. The planned value date is 11 October 2017. “We see the overwhelming interest as a testament to the trust placed in our conservative approach to UBM’s finances”, said Patric Thate, CFO of UBM Development AG. UBM Development AG intends to use the net proceeds from the exchange and the new issue to realise new and existing projects, especially for the planned increase in activities on the core markets of Germany, Austria and Poland. In addition the transaction should optimize the company’s financing structure and enhance its financial strength.
UBM Development AG is a real estate developer on a European scale. Its strategic focusis on the three clearly defined asset classes Hotel, Office and Residential, in the three core markets Germany, Austria and Poland. With 144 years of experience, UBM focuses on its core competency - the developing of real estate. UBM has changed to the prime market segment of the Vienna Stock Exchange in August 2016. www.ubm.at For inquiries, please contact: Ms. Milena Ioveva Head of Investor Relations & Corporate Communications UBM Development AG Tel.: +43 (0)50 626-1763 Email:
[email protected]
PRESS RELEASE
Disclaimer Investors bear the risk of the credit-worthiness of the Issuer. This communication constitutes a marketing communication pursuant to the Securities Supervisory Act and promotion pursuant to the Capital Markets Act ("CMA"), but neither an offering of bonds (the "Bonds") of UBM Development AG ("UBM") nor a financial analysis, an advice related to financial instruments or a recommendation for financial instruments. A public offering of Bonds of UBM shall be conducted exclusively in Austria, Germany and Luxembourg (the "Offering") to investors resident in such countries on the basis of a prospectus prepared pursuant to CMA, which was approved by the Austrian Financial Markets Authority, published and notified to Germany and Luxembourg, including any supplements thereto (together the "Prospectus"). The Prospectus was published in electronic form on the website of the Issuer, www.ubm.at, sub-site "Investor Relations", sub-site "Bond". In connection with the Offering of the Bonds, only the information in the Prospectus is binding, the information in this marketing communication shall not be binding. Prior to any investment decision, investors should make themselves familiar with the content of the Prospectus, in particular the references to risks, taxes and conflicts of interest, and should obtain personally advice with consideration of their individual asset and investment situation.
