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Type of bond |
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ISIN number |
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Volume |
|
Interest rate |
|
Price (09/30/2014) |
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|
|
|
|
|
|
|
|
|
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Hybrid bond 2007 |
|
AT0000A069T7 |
|
EUR 500 million |
|
7.125%1 |
|
100.5 |
|
Corporate bond 2011–2018 |
|
AT0000A0MS58 |
|
EUR 500 million |
|
4.75% |
|
110.5 |
|
Corporate bond 2012–2018 |
|
XS0838764685 |
|
EUR 500 million |
|
4.0% |
|
109.0 |
|
Hybrid bond 2013 |
|
AT0000A0ZHF1 |
|
EUR 500 million |
|
7.125%2 |
|
111.5 |
|
|
|
|
|
|
|
|
|
|
|
1 Interest rate: 7.125% p.a. on the nominal value for the first seven years; then three-month EURIBOR +5.05% p.a. |
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2 Interest rate: 7.125% p.a. from issue date to October 31, 2014 (excl.); 6% p.a. from October 31, 2014 to October 31, 2019 (excl.); five-year swap rate (from October 29, 2019) +4.93% p.a. from October 31, 2019 to October 31, 2024 (excl.); then three-month EURIBOR +4.93% p.a. + step-up of 1% p.a. from October 31, 2024. |
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Current changes
Hybrid bond 2007
On September 9, 2014, the Management Board of voestalpine AG adopted a resolution to call the entire issue of hybrid bond 2007 (ISIN AT0000A069T7, issued by the company in 2007, in accordance with Section 4 (2)(i) of the terms of the bond as of October 31, 2014 (first possible call date). The original volume of the hybrid bond 2007 of EUR 1 billion was reduced due to an exchange of this bond with a hybrid bond (ISIN AT0000A0ZHF1) that was newly issued in 2014 and is currently EUR 500 million.
Corporate bond (2014–2021)
In October 2014, voestalpine AG very successfully placed a corporate bond with a volume of EUR 400 million and a coupon rate of 2.25% on the capital market. The quality of the order book was excellent, with orders in the magnitude of EUR 800 million and about 160 different investors. Issue of the bond (ISIN AT0000A19S18) and the start of official trading was on October 14, 2014. The development of the price on the secondary market in the first days after start of official trading was substantially higher than the issue price.
voestalpine AG is currently being analyzed by the following investment banks/institutions:
- Alpha Value, Paris
- Baader Bank AG, Munich
- Banco Espirito Santo de Investimento, Lissabon
- Bank of America/Merrill Lynch, London
- Citigroup, London
- Commerzbank, Frankfurt
- Credit Suisse, London
- Deutsche Bank, London
- Erste Bank, Vienna
- Exane BNP Paribas, Paris
- Goldman Sachs, London
- HSBC, London
- Jefferies, London
- JP Morgan, London
- Kepler Cheuvreux, Frankfurt
- Macquarie, London
- MainFirst, Frankfurt
- Morgan Stanley, London
- Raiffeisen Centrobank, Vienna
- Société Générale, Paris
- Steubing, Frankfurt
- UBS, London