Key Data of new 7% UBM Green Bond 2023-2027 and of the exchange offer for UBM Bond 2018-2023
Overview of the offering
(for details please read the prospectus incl. any supplements and supplementary notices, if any)
Cash subscription offering
| Offering period | 27 June 2023 to 03 July 2023 (subject to early closing) |
| Re-offer price* | 99.75% |
*Retail investors may subscribe the notes at the re-offer price plus a selling fee of up to 1.5% points charged by the respective financial intermediary placing the Notes; usual discounts can be granted.
Exchange offer for UBM Bond 2018-2023
| Exchange offer period | 14 June 2023 to 26 June 2023 |
| Cash settlement amount | EUR 11.35 per exchanged bond** |
| Exchange ratio | 1:1 (plus Cash settlement amount) |
| Volume | up to EUR 50,000,000 (potential increase to up to EUR 100,000,000) |
| Payment Date | 10 July 2023 |
| Dealer Manager | Raiffeisen Bank International AG, M.M.Warburg & CO |
| Exchange Agent | Raiffeisen Bank International AG |
**The total Cash settlement amount for investors is EUR 11.35 per EUR 500.00 par value bond; this includes accrued interest of EUR 10.10 per bond.
Basic data for UBM Green Bond 2023-2027
| Issuer | UBM Development AG |
| ISIN | AT0000A35FE2 |
| Volume | up to EUR 50,000,000 (potential increase to up to EUR 100,000,000) |
| Denomination | EUR 500.00 |
| Coupon rate | 7% p.a., payable annually in arrears, on 10 July |
| Value date | 10 July 2023 |
| Term | 4.0 years, bullet repayment |
| Redemption price | At maturity at 100% of par value |
| Use of Proceeds | An amount equal to the net proceeds is intended to finance and/or refinance, in whole or in part, new or existing eligible projects in accordance with the Issuer’s Green Finance Framework (“GFF”). A Second Party Opinion (“SPO”) on the GFF has been issued by ISS ESG. The GFF and the SPO are available on the Issuer’s website (www.ubm-development.com/de/green-finance/). |
| Maturity | 10 July 2027 |
| Listing | Official Market of the Vienna Stock Exchange – Corporates Prime segment |
| Sole Global Coordinator & Sustainability Structuring Agent, Paying Agent & Joint Bookrunner | Raiffeisen Bank International AG |
| Joint Bookrunner | Raiffeisen Bank International AG, M.M.Warburg & CO |