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UBM Development AG - Exchange Offer - Results (AT)

UBM satisfied with demand to date for Green Bond 2023-2027

  • €29m of the UBM Bond 2018-2023 exchanged for the new bond

  • Subscription period for the 7% UBM Green Bond 2023-2027 begins today

27 JUNE 2023


Full announcement including disclaimers and offer restrictions available via UBM Development AG (Source: UBM Development AG)


"Vienna, 27.06.2023 – “The retail-driven exchange rate for our first green bond is a confirmation of our strategy“, explained Patric Thate, CFO of UBM Development AG and added, “and it also means we are taking the next logical step in green financing“.


The cash subscription period for the 7%, four-year UBM Green Bond 2023-2027 (AT0000A35FE2) starts today. The cash subscription offer was preceded by an offer to exchange the UBM Bond 2018-2023 for the new four-year UBM Green Bond 2023 and was accepted by nearly one-fourth of the holders of the old UBM Bond 2018-2023. A total nominal value of €28.94m from the UBM Bond 2018-2023 was exchanged for the new UBM Green Bond, which represents exactly 24.12% of the outstanding bond’s total nominal value. The exchange period ended on 26 June 2023. The re-offer price was set at 99.75% by the issuer in consultation with the joint lead managers to ensure an equal offer for all new subscribers.


Interested investors can subscribe to the 7% UBM Green Bond 2023-2027 during the period from 27 June to 3 July 2023, whereby early closing is possible. The UBM Green Bond 2023 is offered for subscription by way of a public offer with prospectus in Austria, Germany and Luxembourg and in other countries through a private placement for subscription. The envisaged value date is 10 July 2023. The UBM Green Bond 2023 is intended to be listed for trading on the Official Market (Corporates Prime) of the Vienna Stock Exchange."


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UBM Development AG: UBM announces planned issue of green bond

  • New, up to EUR 50m bond with four-year term and annual coupon of 7% (possible increase of up to EUR 100m)

  • Exchange offer to holders of the UBM Bond 2018-2023 (ISIN: AT0000A23ST9)

  • Exchange period: 14.06.-26.06.2023 / cash subscription period: 27.06.-03.07.2023

14 JUNE 2023


Full announcement including disclaimers and offer restrictions available via UBM Development AG (Source: UBM Development AG)


"UBM Development AG (the “issuer”) is planning the issue of a new bond with a four-year term (2023-2027), an interest rate of 7% per year and a denomination of EUR 500.00. The issue volume of the UBM Green Bond 2023-2027 (“Green Bond”) is expected to total EUR 50m, with a possible increase of up to EUR 100m and will be based, above all, on the acceptance rate of the exchange offer for the UBM Bond 2018-2023. Following the closing of the exchange offer, the remainder of the Green Bond’s total nominal volume will be offered for subscription by way of a public offer with prospectus in Austria, Germany and Luxembourg and in other countries through a private placement for subscription (cash subscription offer). Interested investors can subscribe to the Green Bond from 27 June to 3 July 2023, whereby premature closing is reserved. The re-offer price will range from 99% to 100% of the nominal value of the partial debentures and will be determined by the issuer in agreement with the joint lead managers after the end of the exchange period and before the start of the cash subscription offer in accordance with the market conditions prevailing at that time.


The issuer plans to use the net proceeds for the full or partial financing and/or refinancing of new or existing suitable green projects in agreement with the UBM Green Finance Framework, which is available for review and download on the website under https://www.ubm-development.com/de/esg/. The planned value date is 10 July 2023.

Plans call for the listing of the Green Bond for official trading in the corporates prime segment of the Vienna Stock Exchange.


The transaction is subject to the approval of a prospectus by the Austrian Financial Market Authority."

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