Austrian real-estate developer UBM Development has made an exchange offer of bonds it issued in 2019 and 2021 and a subsequent cash-subscription offer of the EUR 93 million 7% green bond 2024-2029.
Raiffeisen Bank International and M.M.Warburg & Co acted as joint lead managers and bookrunners on the offers.
The green bonds have a maturity of five years and were placed with institutional and retail investors with a coupon of 7% per annum. The bonds are listed on the Official Market of the Vienna Stock Exchange.
The Wolf Theiss law firm advised Raiffeisen Bank International and M.M.Warburg & Co., and the DLA Piper law firm advised UBM Development.