Wolf Theiss has advised RBI and Erste Bank as joint lead managers and book runners on UBM Development AG's EUR 75 million corporate bond and as dealer managers of an exchange offer. DLA Piper advised UBM Development.
According to Wolf Theiss, the placement was completed by way of an exchange offer for UBM’s bond 2014-2019 (ISIN: AT0000A185Y1) and a cash offer. UBM’s new bond 2018-2023 (ISIN: AT0000A23ST9) has a tenor of five years and a coupon of 3.125 %. The value date was November 16, 2018. The new bond, with a denomination of EUR 500, is listed on the Corporate Prime Segment of the Official Market of the Vienna Stock Exchange. The proceeds from the bond issue are to be used for the issuer’s existing financing and for new and ongoing projects, particularly in the core markets of Germany, Austria, and Poland.
Christian Temmel led the DLA Piper Weiss-Tessbach Rechtsanwalte team.