UBM Realitatenentwicklung AG is issuing a corporate bond in the Entry Standard of the Frankfurt Stock Exchange. The bond with the ISIN AT0000A185Y1 can be subscribed from today until 2 July 2014, subject to early termination of subscription. It has an issue volume of up to 150 million (with the possibility of an increase to 200 million), runs until June 2019 and has a coupon rate of 4.875 percent. Its nominal denomination is 1,000.
Trading is planned to commence on 9 July 2014. Applicant and specialist is Baader Bank AG.
The UBM Realitatenentwicklung AG bond is the fifth new entrant in the Entry Standard for corporate bonds this year. We are also welcoming the fourth issuer to date from Austria. The Entry Standard is a simple and efficient financing alternative for small and medium-sized enterprises. The Frankfurt Stock Exchange offers companies the ability to address a larger circle of investors in a targeted manner, said Dr Cord Gebhardt, Head of Primary Markets at Deutsche Boerse AG.
UBM Realitatenentwicklung AG is based in Vienna. According to information from the company, its business activities cover all stages of the real-estate life cycle across almost all asset classes such as residential, office, hotel and commercial real estate. This includes not only the development of construction projects and the management and sale of real estate to end investors, but also the conversion and revitalisation of existing properties. In addition, UBM also holds interests in selected hotels in European cities such as Amsterdam, Berlin and Paris.