UBM Development issues a 5-year bond with a coupon of 3.125% | message

UBM Development AG, a major hotel developer in Europe, is issuing a new bond with a volume of up to 100 million euros (with an option to increase it to 120 million euros). Under the terms of this offer, the issuer will offer investors the existing obligation UBM 2014-2019, ISIN AT0000A185Y1, the opportunity to switch to the new UBM 2018-2023 bond by means of & #M U U obligation 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 39 a public offer of exchange. UBM Development AG plans to use the proceeds of the loan for the refinancing of existing financing from UBM Development AG and for the realization of new and existing projects, particularly in the main markets of Germany, Austria and Poland.

The coupon of the new 2018-2023 UBM bond amounts to 3.125% per annum and is for a term of five years. The exchange offer (22.10.-07.11.2018) follows a subscription offer of bars (as long as the bonds have not been exchanged). Interested investors may withdraw the bond during the period from 08.11.2018 to 14.11.2018, a premature closing being reserved. The planned value date is 16.11.2018.

Investors are invited to submit bids for the exchange of their UBM 2014-2019 bonds against UBM 2018-2023 bonds. The conversion ratio is 1: 1, so that each bond of the 2014-2019 UBM bond with a par value of 500 euros can be exchanged for a new obligation of the UBM 2018 bond. -2023 of a nominal value of 500 euros. In addition, an additional amount of € 10.00 per bond exchangeable from the 2014-2019 UBM bond will be proposed. Investors also receive interest on the current interest period of € 8.68 per bond converted from the UBM 2014-2019 bond. The custodian bank concerned is required to inform all holders of the UBM 2014-2019 obligation of the next steps. The trading period runs until 07.11.2018.

In addition, the new bond UBM 2018-2023, both in the form of a takeover bid in Austria, Germany and Luxembourg, and in the form of a bid free of prospectus, will be distributed to qualified investors within the meaning of the European Prospectus Directive in the Member States of the European Union. European Economic Area (EEA) and in the form of an offer without prospectus publication to selected institutional investors outside the EEA in jurisdictions in which this type of offer is receivable. Raiffeisen Bank International AG, Vienna, and Erste Group Bank AG, Vienna, are the leader, the bookrunner and the manager.

UBM Development is an important hotel promoter in Europe. The focus is on the three clbades of badets clearly defined Hotel, Bro and Wohnen, as well as on the three main markets that are Germany, Austria and Poland. With 145 years of experience, UBM focuses on its core business, the development of real estate. From planning to marketing the property, all services are offered from a single source. UBM shares are listed on the main market segment of the Vienna Stock Exchange.