- Hybrid bond with a volume of €65m successfully placed
- 44% of existing hybrid bond issued in 2021 exchanged for the new structure
- Hybrid bond volume increased to a total of €121m
Vienna, 7 May 2025 – The successful placement of a €93m green bond (senior bond) in November 2024 was now followed by the issue of the first deeply subordinated green bond (hybrid bond) with a volume of €65m. “The positive feedback from conversations with over 70 investors in recent weeks confirms the confidence of the capital markets in UBM“, indicated Patric Thate, Chief Financial Officer of UBM Development AG. “Smoothing our repayment profile will sustainably strengthen our financial structure – a key success factor in today’s market environment”. This first green hybrid bond as part of the green finance framework represents another milestone in the reorientation of UBM’s financing to green. smart. and more.
A 43.6% share of the 2021 hybrid bond was repurchased prematurely. The coupon was set at 10.0%. The issue proceeds will be directed towards the realisation of new and existing projects, especially in the core markets of Austria, the Czech Republic and Poland. The green hybrid bond will be listed in the official market of the Vienna Stock Exchange after it is admitted for trading.
Raiffeisen Bank International AG served as the sole structuring adviser, bookrunner and paying agent for the transaction as well as dealer manager for the buyback offer. UBM was advised by Christian Temmel and Christian Knauder-Sima from the DLA Piper capital markets team, and Raiffeisen Bank International AG was supported by Claus Schneider and Sebastian Prakljacic from the Wolf Theiss team.
UBM Development is one of Europe´s leading developers of timber construction projects. The strategic focus is on green and smart building in metropolitan areas such as Vienna, Munich, Frankfurt or Prague. Platinum from EcoVadis and Prime Status from ISS ESG confirm the consequent focus on sustainability. With over 150 years of experience, UBM offers all development services from a single source, from planning to marketing. The shares are listed on the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.
For additional information contact:
Christoph Rainer
Head of Investor Relations & ESG
UBM Development AG
Mob.: + 43 664 80 1873 200
Email: christoph.rainer@ubm-development.com
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