Proceeds to be used for general business purposes, further improving the financing structure
Vienna, 29 January 2015----The European construction group STRABAG SE issues a € 200 million corporate bond. The fixed-interest bond has a term to maturity of seven years and a coupon of 1.625 % p.a.
The bond with a face value € 500 has already been met with great interest among institutional investors and will also be offered for subscription to private investors in Austria and Germany from 30 January 2015 to 3 February 2015 (subject to early closing). The issue price has been set at 101.212 %.
The STRABAG Bond 2015 continues the company’s years-long bond issue strategy. The proceeds from the issue, which will be used for general business purposes such as refinancing the 2010 bond or making investments in property, plant and equipment, allows STRABAG SE to maintain its optimal financing structure.
Joint lead managers of the issue are Erste Group Bank AG, Raiffeisen Bank International AG and UniCredit Bank Austria AG.
The international ratings agency Standard & Poor’s is planning an investment grade rating of BBB- for the STRABAG Bond 2015.
Key features of the bond:
Issuer:
STRABAG SE
Principal amount:
€ 200,000,000
Face value:
€ 500
Coupon:
1.625 % p.a.
Term to maturity:
from 4 February 2015 up to and including 3 February 2022
Issue price:
101.212 % (includes sales commission of 1.5 % of nominal value)*
Subscription period:
30 January 2015 to 3 February 2015 – early closing possible
Value date:
4 February 2015
Maturity:
4 February 2022 at 100 % of the nominal value
Listing:
Application for regulated over-the-counter trading on the Vienna Stock Exchange
ISIN:
AT0000A1C741
* The issuer also pays a management fee of up to 0.30 % to the syndicate banks as well as all the usual transaction costs.
STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even complex construction projects – on schedule, of the highest quality and at the best price. The hard work and dedication of our more than 73,000 employees allows us to generate an annual output volume of about € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information is available at www.strabag.com.
Disclaimer:
This marketing communication is intended for promotional purposes only and, within the scope of the Wertpapieraufsichtsgesetz (WAG; Securities Supervision Act) and Kapitalmarktgesetz (KMG; Capital Market Act), does not constitute financial analysis nor advice or recommendation regarding financial instruments nor an offer to sell or a solicitation to buy debt securities from STRABAG SE. The offer of debt securities from STRABAG SE (the “Offer”) is made solely on the basis of the prospectus (the “Prospectus”) that was approved, published and notified to the competent authorities in Germany by the Austrian Financial Market Authority on 26 January 2015. The Prospectus is available on the website of STRABAG SE at www.strabag.com (menu path: Investor Relations > Creditor Relations > Bonds) or may be requested in print form free of charge. In conjunction with the Offer, only the contents of the Prospectus are binding. The information contained in this marketing communication is nonbinding. Before making an investment decision, investors are advised to take special note of the risk warnings and tax implications as well as the information on conflicts of interest set out within the Prospectus.
