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voestalpine AG successfully launches hybrid bond

16 October 2007 | 

voestalpine AG successfully launched the hybrid bond it had already announced on the capital markets. The quality of the final order book was excellent exceeding more than EUR 3 billion.

  • Issue size: EUR 1 billion
  • Issue price: 99.465%
  • Coupon: 7.125% for seven years after issuance and thereafter 3-month-Euribor + 5.05% (including a step-up of 2.50%)

voestalpine AG successfully launched the hybrid bond it had already announced on the capital markets. The quality of the final order book was excellent exceeding more than EUR 3 billion. The issue size has been set at EUR 1 billion and the bookbuilding procedure was terminated early. The issue price is 99.465%. The subordinated hybrid bond bears a coupon of 7.125% for the first seven years upon issuance and 3-month-Euribor + 5.05% (including a step-up of 2.50) thereafter. Settlement and trading on the Official Market of the Vienna Stock Exchange of the hybrid bond (ISIN AT0000A069T7) is expected to take place on October 31, 2007.

The proceeds are used for the partial refinancing of the Böhler-Uddeholm AG takeover.

A sale of the hybrid bond to retail investors is planned to take place at October 18 and 19, 2007 on the basis of the issue price plus an extra charge for the offering banks.

Disclaimer

This ad-hoc announcement constitutes neither an offer to sell nor a solicitation to buy any securities. A prospectus approved by the Austrian Financial Market Authority on 5 October 2007 will be held available held available at voestalpine AG, voestalpine-Straße 1, 4020 Linz, Austrian and at Erste Bank der oesterreichischen Sparkassen AG, 1010 Vienna, Austria. In connection with the offering of securities of the issuer only be the prospectus shall be legally binding. The information of this ad-hoc announcement is not legally binding. 

This ad-hoc announcement is not being issued in the United States of America and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended (“Securities Act”) or with a general circulation in the United States. This ad-hoc announcement does not constitute an offer or invitation to purchase any securities in the United States. The securities of voestalpine AG have not been registered under the Securities Act and may not be offered, sold or delivered within the United States or to U.S. persons absent from registration under or a applicable exemption from the registration requirements of the United States Securities Laws.