HOCHTIEF successfully places further corporate bond for EUR 750 million

(PresseBox) ( Essen, )
- Offer more than 5 times oversubscribed due to strong demand
- 7-year term to maturity
- Coupon: 3.875 percent p.a.

HOCHTIEF-following the issue in 2012 of the first bond in the company's history-placed a further non-rated bond today: The Group very successfully issued a bond for EUR 750 million with a coupon of 3.875 percent p.a. and a term to maturity until March 2020. With an issue price of 99.25 percent, the bond offers investors a yield of 4.0 percent as of the issue date. HOCHTIEF made use of the current market window and matched again broad investors' demand: In just over one hour, the order book was more than 5 times oversubscribed with nearly EUR 4.2 billion. This once more underscores the trust the capital market has in HOCHTIEF. The denomination of the paper, which is admitted for trading on Luxembourg Stock Exchange, is EUR 1,000.

HOCHTIEF will use the bond proceeds to repay existing debt and for general corporate purposes. The successful placement of the 7-year bond extends the maturity profile of HOCHTIEF's liability portfolio in the interest of a long-term, balanced financing strategy. In addition, the transaction broadens the investor base of the company. The bond was subscribed by investors in more than 30 countries. Commerzbank, Deutsche Bank and HSBC acted as Joint Lead Managers/Bookrunners.

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