voestalpine AG has successfully placed a EUR 400 million corporate bond in the capital market. The bond is intended to partially refinance the hybrid bond 2007, which the company called on September 9, 2014, effective October 31, 2014, and for general funding purposes. The quality of the order book was excellent, with orders in the magnitude of more than EUR 800 million and about 160 different investors. The bond has a term of 7 years and a coupon of 2.25%.
A total of EUR 71.3 million were paid out on October 31, 2014 for interest on the hybrid bond 2007 and the hybrid bond 2013. The hybrid bond 2007 was fully redeemed as of October 31, 2014.