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Offers to exchange hybrid bond received from more than 2/3 of bondholders

2013-03-18 | 

In order to optimize its financing portfolio, voestalpine AG has invited all holders of the hybrid bond 2007 to submit offers for an exchange into the new hybrid bond 2013 with a volume of up to EUR 500 million.


  • 71.6 % of holders offered to exchange the hybrid bond 2007
  • Issue of the new hybrid bond 2013 with a volume of EUR 500 million

At the end of the offer period, which expired on March 14, 2013, 71.6% of bondholders had submitted offers to exchange. As a result, the issue volume of EUR 500 million for the hybrid bond 2013 can be fully utilized. Accordingly, allocations will be subject to reductions. The coupon rate of 7.125% for the hybrid bond 2013 is fixed until October 31, 2014; thereafter investors receive a coupon of 6% until October 31, 2019.


The voestalpine Group

The voestalpine Group is a globally active steel, processing, and technology Group, which produces, processes, and further develops high-quality steel products. The Group is represented by 360 production and sales companies in more than 60 countries on five continents and has been listed on the Vienna Stock Exchange since 1995. With its highest quality flat steel products, the Group is one of Europe’s leading partners to the automotive, white goods, and energy industries as well as of the oil and gas industries worldwide. Furthermore, the voestalpine Group is the world market leader in turnout technology, tool steel, and special sections. In the business year 2011/12, the voestalpine Group generated revenue of more than EUR 12 billion and an operating result (EBIT) of EUR 704 million; the Group has around 46,500 employees worldwide.