Egger Holzwerkstoffe to Issue Subordinated Bond

IndustrialsBasic Resources ♦ Published: February 26, 2018; 10:50 ♦ (Vindobona)

Egger Holzwerkstoffe intends to issue a deeply subordinated bond with perpetual maturity and an early redemption option for the issuer after five years (hybrid bond). UniCredit Bank AG has been mandated as Sole Structuring Advisor and Sole Bookrunner. Raiffeisen Bank International AG acts as co-lead manager.

Egger Holzwerkstoffe to Issue Subordinated Bond / Picture: ©

Egger aims for a volume at least in the lower three-digit million range (sub-benchmark size). The actual issue volume as well as the details of the transaction, such as the total nominal amount, the issue price and the coupon will be determined following a four-day investor roadshow based on prevailing market conditions as part of a bookbuilding process. The issue, with a minimum…

Fast News Search