voestalpine announces the successful placement of its convertible bonds in the amount of EUR 250 million. Investor interest in this capital market transaction was high.
The convertible bonds, denominated in EUR 100,000 and with a maturity of five years, will be issued at 100% of their nominal value and can initially be converted into approximately 6.1 million new and/or existing no-par bearer shares of voestalpine AG.
The successful placement demonstrates voestalpine's high reputation on the capital market and confirms the confidence in our business model.
With the issue completed today, we are further strengthening our capital structure and at the same time optimizing our financing costs.
Detailed information on this transaction and notes on distribution restrictions can be found here.
voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its premium products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries; it is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals, and its greentec steel program represents a clear plan for decarbonizing the production of steel. In the business year 2021/22, the Group generated revenue of EUR 14.9 billion, with an operating result (EBITDA) of EUR 2.3 billion; it had about 50,200 employees worldwide.
