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04.07.2012

ANDRITZ successfully places EUR 350 million bond on the market

  • Subscription period closed early – high demand among both institutional and private investors

ANDRITZ AG was able to successfully place a EUR 350 million bond on the market.  Due to the high demand among Austrian private investors, the subscription period was closed early at midday today. The book for the subscriptions of institutional investors had already exhibited a high level of granularity with 117 individual orders. In geographic terms, the majority of the demand came from Austria, which accounted for 73 per cent of the orders, with the remaining demand being split between Germany and Switzerland at 13 per cent each. The allocated nominal value for the bond broke down as follows: 66 per cent – and thus once again the majority – of the orders came from the retail, private banking and asset management segment. Banks purchased 15 per cent of the total volume, funds 12 per cent and insurance companies 7 per cent. The price of the bond was set at an issue price of 101.349 per cent, and the interest coupon is 3.875 per cent.

Including the ANDRITZ bond, Bank Austria has already acted as the joint lead manager for nine corporate bonds from Austrian companies this year. Dieter Hengl, the Management Board member responsible for Corporate & Investment Banking at Bank Austria, had this to say: "ANDRITZ is an excellently managed, globally active company. The ANDRITZ Group's bond is yet another source of positive stimulus for the Austrian bond market. In the first half of 2012, 14 bonds with a total volume of roughly EUR 4.02 billion were successfully placed by Austrian companies. Companies like ANDRITZ that are well known and have a solid credit rating not only attract private investors here in Austria, but are also purchased by international funds and insurance companies."

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

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