UBM Development AG is issuing a corporate bond (ISIN DE000A18UQM6) in the Entry Standard on the Frankfurt Stock Exchange. The bond is open for subscription from today, 30 November 2015 until 4 December 2015, subject to early termination of the subscription. It has an issue volume of up to €75 million, with an additional contingent increase of up to €100 million. The corporate bond runs for five years, the coupon is 4.25 percent and its nominal denomination is €1,000.
Trading is planned to commence on 9 December 2015. Lead manager of the transaction is quirin Bank AG; Wolfgang Steubing AG acts as the specialist.
According to company sources, UBM Development concentrates on real estate development and covers the entire value chain from repurposing and planning permits to design, marketing and construction management, as well as sales. Apart from the classic development of new buildings, the city development and the development of building land of greater areas as well as the altered utilisation and revitalisation are also part of their key development activities. Their focus is on the three home markets of Austria, Germany and Poland and their three core property asset classes are Residential, Hotel and Office.
Investors can find information on subscription and company figures here: www.boerse-frankfurt.de/en/bonds/entry+standard+bonds