Convertible bond (2005–2010)
The still outstanding convertible bonds, which had been issued in July 2005, were called on December 4, 2009, effective January 29, 2010. All of the convertible bonds that were still outstanding at this time (about 8.6% of the total face value of EUR 250 million) were converted by the bond holders to voestalpine AG shares. In their place, the Company issued a total of 1,150,131 new, no-par value bearer shares. Therefore, as of March 31, 2010, the share capital amounts to EUR 307,132,044.75 and is divided into 169,049,163 ordinary no-par value bearer shares.
Hybrid bond (2007–2014)
After the turbulence on the international financial markets during the business year 2009/10, the hybrid bond, which had been issued by voestalpine AG in October 2007, was able to regain a significant part of its value, and by the end of March 2010, it had risen to the initial offering price of 100 (% of the face value). This positive trend continued after the end of the business year 2009/10.
Corporate bond (2009–2013)
The development of the corporate bond, which had been issued very successfully by voestalpine AG in March 2009 under extremely difficult market conditions, was very positive throughout the entire business year. In addition to the price increase as of the end of March 2009 to 104 (% of the face value), an additional gain of nine percentage points was achieved. As of March 31, 2010, the corporate bond had risen to 113 (% of the face value).
