Brief: AT&S Places €400 Mln Deeply Subordinated Perpetual Convertible Bond With Early Redemption Option
BRIEF-AT&S Places €400 Mln Deeply Subordinated Perpetual Convertible Bond With Early Redemption Option June 16 (Reuters) - AT & S AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AG ATSV.VI:
ANNOUNCES THE SUCCESSFUL PLACEMENT OF A €400 MILLION DEEPLY SUBORDINATED PERPETUAL CONVERTIBLE BOND WITH AN EARLY REDEMPTION OPTION FOR THE COMPANY
BOND ISSUED AT PAR WITH NOMINAL AMOUNT OF €400 MILLION, DENOMINATION €100,000
BOND PAYS 2.5% INTEREST PER ANNUM UP TO FIRST RESET DATE
BOND INTEREST FROM FIRST RESET DATE: 5-YEAR MID-SWAP RATE PLUS 1000BPS MARGIN
INITIAL CONVERSION PRICE SET AT 30% PREMIUM ABOVE REFERENCE SHARE PRICE
BOND SETTLEMENT EXPECTED ON OR AROUND 23 JUNE
NET PROCEEDS TO BE USED FOR CORPORATE PURPOSES, REFINANCING, AND CAPITAL BASE STRENGTHENING
Source text: ID:nEQ4x5Y6Da
Further company coverage: ATSV.VI
(Gdansk Newsroom)
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