Capital/Financing Update • Apr 11, 2013
Capital/Financing Update
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publication: 11.04.2013 18:05 source: http://adhoc.pressetext.com/news/1365696300028 keywords: Anleiheemission / Emission / Anleihe
New emission of bonds according to article 93 section 6 BörseG
Vienna (pta034/11.04.2013/18:05) - NOT FOR DISTRIBUTION IN THE USA, UK, CANADA, JAPAN OR AUSTRALIA
Wienerberger AG has completed the very successful issue of a Euro 300 million bond. The new bond has a seven-year term and a denomination of Euro 1,000. The fixed coupon was set at 4.00% p.a. and the reoffer price at 99.254%. Heimo Scheuch, Chief Executive Officer of Wienerberger AG, was extremely pleased over the convincing success of the issue: "The demand for the bond was substantially higher than the issued volume, and the security was oversubscribed several times. I am particularly pleased over the strong international interest. More than 75% of the volume was placed outside our Austrian home market in Germany, Switzerland, Great Britain, France and Scandinavia. The strong demand from institutional investors is also a clear sign of investors' confidence in Wienerberger." Interested private investors can subscribe to the bond from April 12 to 16, 2013, whereby premature closing is possible. Raiffeisenbank International AG and Commerzbank Aktiengesellschaft served as the joint lead managers.
Wienerberger had low gearing of only 26% at year-end 2012 and does not expect an increase in net debt from this transaction. "Wienerberger has a strong capital structure, which we want to protect. The proceeds from the new bond will be used, above all, to refinance existing liabilities, to fund the operating business and to improve liquidity but could also be utilized for smaller acquisitions to strengthen our market positions", explained Willy Van Riet, Chief Financial Officer of Wienerberger AG.
Wienerberger is the world's largest producer of bricks (Porotherm, Terca) as well as number one on the clay roof tile market (Koramic, Tondach) in Europe and the concrete paver market (Semmelrock) in Central-East Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the market leaders in Europe. Wienerberger generated revenues of Euro 2,356 million and operating EBITDA of Euro 246 million in 2012 with 221 plants. In May 2012 Wienerberger completed the full takeover of Pipelife and set an important milestone in the expansion of its core business.
Barbara Braunöck, Head of Corporate Communications Wienerberger T +43 1 601 92 - 10221 | [email protected]
| Issuer: | Wienerberger AG |
|---|---|
| Security: | Bond |
| Issue volume: | Euro 300 million |
| Denomination: | Euro 1,000 |
| Coupon rate: | 4.00% p.a., payable annually in arrears on April 17 |
| Status: | Senior, unsecured, pari passu |
|---|---|
| Term: | 7 years, bullet repayment |
| Reoffer price: | 99.254% of nominal value, plus a bank commission |
| of 1.5% | |
| Stock exchange listing: | Vienna Stock Exchange (Second Regulated |
| Market) | |
| Subscription period: | April 12 to 16, 2013 (premature closing possible) |
| Value date: | April 18, 2013 |
| Redemption: | April 17, 2020 at 100% of the nominal value |
| Issuer rating: | Ba2 (outlook: negative) Moody's |
| Securities number (ISIN): | AT0000A100E2 |
| Invitation to subscription: | Raiffeisen Bank International AG, Erste Group |
| Bank AG, UniCredit Bank Austria AG, Berenberg | |
| Bank, Raiffeisenlandesbank Niederösterreich-Wien | |
| AG, Raiffeisenlandesbank Oberösterreich AG, | |
| Sparkasse Oberösterreich and all other Austrian | |
| financial institutions that are entitled to use the | |
| prospectus. | |
| Applicable law: | The bond is subject to Austrian law. |
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITIES OF WIENERBERGER AG. A PUBLIC OFFER OF SECURITIES OF WIENERBERGER AG MAY ONLY BE MADE IN AUSTRIA BASED ON THE PROSPECTUS APPROVED BY THE FINANCIAL MARKET AUTHORITY OF LUXEMBOURG ("COMMISSION DE SURVEILLANCE DU SECTEUR FINANCIER") ON APRIL 5, 2013, WHICH WAS PUBLISHED AND CERTIFIED IN AUSTRIA AND GERMANY. THIS PROSPECTUS IS AVAILABLE FOR REVIEW DURING REGULAR BUSINESS HOURS, FREE OF CHARGE, AT WIENERBERGER AG, WIENERBERGSTRASSE 11, 1100 VIENNA, AND IN ELECTRONIC FORM ON THE WEBSEITE OF THE ISSUER (WWW.WIENERBERGER.COM) AND THE LUXEMBOURG STOCK EXCHANGE (WWW.BOURSE.LU). ANY SECURITIES ORDERS RECEIVED PRIOR TO THE COMMENCEMENT OF A PUBLIC OFFER WILL BE REJECTED.
IN CONNECTION WITH AN OFFER OF SECURITIES BY WIENERBERGER AG, ONLY THE INFORMATION IN THE PROSPECTUS IS BINDING. THE INFORMATION IN THIS PRESS RELEASE IS NOT CONSIDERED TO BE BINDING.
THIS PRESS RELEASE AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA AND MAY NOT BE INCLUDED IN PUBLIDATIONS WITH A BROAD CIRCULATION IN THE UNITED STATES OF AMERICA OR TO U.S. PERSONS (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT 1933 IN THE CURRENT VERSION ("U.S. SECURITIES ACT").
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR A SOLICITATION TO BUY OR SUBSCRIBE TO SECURITIES OF WIENERBERGER AG IN THE UNITED STATES OF AMERICA. THESE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO, ON THE ACCOUNT OF OR FOR THE BENEFIT OF U.S. PERSONS UNLESS THEY HAVE BEEN EXEMPTED FROM REGISTRATION UNDER THE U.S. SECURITIES ACT. THERE WILL BE NO PUBLIC OFFER OF SECURITIES OF WIENERBERGER AG IN THE UNITED STATES OF AMERICA.
If you do not wish to receive the Wienerberger newsletter any longer, send an e-mail with subject: "unsubscribe newsletter" to [email protected]
Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under http://www.wienerberger.com/investor-relations/thewienerberger-share/the-wienerberger-share/shareholder-structurehttp://www.wienerberger.com/investor-relations/thewienerberger-share/the-wienerberger-share/shareholder-structure
| Wienerberger AG Wienerbergstraße 11 1100 Wien Austria |
|---|
| Barbara Braunöck |
| +43-1-60-192-10221 |
| [email protected] |
| www.wienerberger.com |
| AT0000831706 (share) |
| official trade in Vienna |
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