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conwert bond generates strong demand on the Austrian market

  • Subscription period closed early – first retail bond from conwert in the amount of EUR 65 million enjoys strong demand

The first retail bond issued by conwert Immobilien Invest SE met with strong demand, which led to the early closing of the subscription period yesterday morning. The EUR 65 million bond saw particularly high demand among Austrian private investors. An impressive 95 per cent of the orders originated in Austria. The remaining demand came from Switzerland, Liechtenstein and Germany. The bond volume that was achieved broke down as follows: 75 per cent – and thus the majority – of the orders came from the retail and private banking segment. This was followed by 15 per cent from banks and 10 per cent from investment funds. The price of the bond was set at an issue price of 101.436 per cent, and the interest coupon is 5.75 per cent.

Including the conwert bond, Bank Austria has already acted as the joint lead manager for six corporate bonds from Austrian companies this year and is currently working on a seventh transaction. Dieter Hengl, the Management Board member responsible for Corporate & Investment Banking at Bank Austria, had this to say: "We are pleased that this first retail bond from conwert met with such brisk demand among private and institutional investors who are looking to make an investment in the real estate sector. The trend towards corporate bonds has remained strong throughout the first half of the year – whether this continues in the second half of the year will depend on the development of economic conditions going forward, among other things. In any case, we will very likely see a record year on the bond market."

Enquiries: Bank Austria Press Office Austria
Julia Wegenstein, tel. +43 (0) 50505 - 52854
E-mail: julia.wegenstein@unicreditgroup.at


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