Press release BoxID: 154087 (Andritz AG)
  • Andritz AG
  • Stattegger Strasse 18
  • 8045 Graz
  • Contact person
  • Michael Buchbauer
  • +43 (316) 6902-2979

Successful placement of Andritz corporate bond

(PresseBox) (Graz / Vienna, ) Andritz AG has today successfully concluded the issue of a public corporate bond with a volume of 150 million Euros and a tenor of seven years. At a denomination of 50,000 Euros the Andritz corporate bond is endowed with an annual fixed coupon rate of 5.25%. Admission to the Vienna Stock Exchange was applied for. The Andritz corporate bond is expected to be quoted in the Third Market on the Vienna Stock Exchange for the first time on 20 February 2008.

Raiffeisen Zentralbank Österreich AG (RZB) has acted as the lead manager supporting Andritz in this placement. The corporate bond has been placed with institutional investors and banks.

Continuation of long-term growth

"The strong growth that Andritz has experienced over the past few years has been founded on a solid balance structure with a good equity base and sufficiently high net liquidity. The corporate bond which we have successfully issued today supersedes the Andritz corporate bond 2002- 2008 (total volume 100 MEUR) that will mature in June 2008 and forms a substantial financial basis for the future development of our company," explains Andritz AG CEO Wolfgang Leitner.

Impressive investment story

"Andritz is positioned very well and its investment story in a difficult capital market environment is most impressive," says Patrick Butler, Member of the Board of Management of RZB responsible for Investment Banking und Treasury, about the successful placement.

The corporate bond issued by Andritz was the first issue on the Corporate Bond Market in 2008.

Remarks regarding the information provided in this press release:

The information provided is exclusively destined for persons whose residence and abode are in Austria. It is especially not destined for persons whose residence and/or abode are in the United States of America (USA) or the United Kingdom (UK). No responsibility is taken for the information contained in this press release, which, in particular, does not constitute investment counseling. A prospectus has been published in respect of the public offer. Solely the information contained in the prospectus, which is available free of charge from the issuer and the underwriting banks, is binding.

The information contained in this press release is not intended for disclosure in, to, and within the USA. The information does not constitute an offer for the purchase of securities in the USA.

In the USA, securities may be sold or offered for sale only after having been registered or, if not registered, on the basis of a statutory exemption. The issuer does NOT plan to register its offer or part thereof in the USA or to make a public offering of shares in the USA.

This information is intended for persons outside the United Kingdom (relevant persons) only.
Any invitation to make an offer, any offer and any contract for subscription, purchase or other acquisition of the securities is addressed to and will be concluded only with relevant persons and specific other persons. Any non-relevant person should not act on the basis of this information or place reliance in the information contained herein.