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HOCHTIEF successfully places EUR 500 million non-rated bond

May 27, 2014

ENP Newswire - 27 May 2014

Release date- 23052014 - Following the bonds issued in 2012 and 2013, HOCHTIEF successfully placed its third bond today.

The EUR 500 million non-rated bond matures in 2019 and has a coupon of 2.625 percent. The offer was greeted with strong demand from investors and was placed at a spread of 195.5 basis points. The order book was oversubscribed more than 4 times with demand for almost EUR 2.3 billion.

'This successful launch further underlines our positive standing in domestic and international capital markets as well as the confidence of bond investors in the HOCHTIEF Group and in our strategy,' said HOCHTIEF's Chief Executive Officer Marcelino Fernandez Verdes.

The new HOCHTIEF bond has a denomination of EUR 1,000. Investors in more than 25 countries subscribed for the bond, which further extends the maturity profile of the Group's debt portfolio in the interest of a long-term, balanced financing strategy. HOCHTIEF will use the proceeds to repay existing debt and for general corporate purposes. Commerzbank Aktiengesellschaft, ING Bank N.V., The Royal Bank of Scotland plc and UniCredit Bank AG act as Joint Lead Managers/Bookrunners. Bayerische Landesbank acts as Co-Lead Manager.


This press release is not an offer to sell securities in the United States of America, in Australia, Canada, Japan or other jurisdictions in which offers are subject to legal restrictions. Securities may not be offered for sale or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

Any public offering of securities to be made in the United States must be made by means of a prospectus that may be obtained from the issuer and contains detailed information about the company and management, as well as financial statements.

The securities mentioned in this press release must not be offered for sale or sold in Australia, Canada or Japan, or to or on account of Australian, Canadian or Japanese citizens. No registration of the offer or of the sale of the securities mentioned in this press release is made pursuant to the legal regulations applicable in Australia, Canada and Japan.

This press release is for informational purposes only and is no offer to sell securities in any jurisdiction. The securities mentioned in this press release have already been placed.

Media Contact:

Christian Gerhardus

Tel: +49 201 824-2642

Fax: +49 201 824-2585


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Source: ENP Newswire

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