2.750% ubm bond 2019-2025.
Key Data of new 2.750 % UBM Bond 2019-2025 and of the exchange offer for UBM Bond 2015-2020
The offer in detail:
Cash subscription offering
| Offering period | 4 November 2019 to 8 November 2019 (subject to the right to close the offering early) |
| Re-offer price1 | 99%-100% |
1 The re-offer price will be determined after the end of the exchange period / 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 2015-2020
| Exchange offer period | 15 October 2019 to 31 October 2019 |
| Cash settlement amount2 | € 58.23 for each exchanged UBM Bond 2015-2020 |
| Exchange ratio | 1:2 (plus cash settlement)3 |
2 The cash settlement amount consists of accrued interest of € 18.23 and an additional amount of € 40.00
3 UBM Bond 2015-2020 with denomination of € 1,000, UBM Bond 2019-2025 with denomination of € 500.
Basic data for UBM Bond 2019-2025
| Issuer | UBM Development AG |
| ISIN | AT0000A2AX04 |
| Volume (exchange offer + cash subscription offering) | Up to € 120,000,000.00 |
| Denomination | € 500,00 |
| Coupon rate | 2.750 % p.a., payable annually in arrears |
| Value date | 13 November 2019 |
| Term | 6 years, repayable at maturity |
| Redemption price | At maturity at 100% of par value |
| Listing | Official market of the Vienna Stock Exchange – Corporates Prime segment |
| Sole Global Coordinator and Paying agent | Raiffeisen Bank International AG |
| Joint lead managers and bookrunners | Raiffeisen Bank International AG, M.M.Warburg & CO |