UBM Development AG completed the exchange offer for its existing 2023 to 2027 bond as scheduled on 16 October 2026. The instrument, which has an original total nominal volume of EUR 50 million, saw significant reallocation during the transaction. Investors opted to exchange around EUR 18 million in nominal value into the successor instrument. This corresponds to an exchange ratio of 36 per cent, which represents a notable result in view of the historically high retail placement of the old bond.
Structure and terms of the new green bond
The successor product operates under the name 7% UBM Green Bond 2026-2031 and carries the ISIN AT0000A3XJY7. The fixed-income security has a term of five years. The fixed price for the issue, the so-called re-offer price, was set at 99.50 per cent as part of the emission. The coupon amounts to 7.00 per cent annually.
Parallel to the exchange offer, the cash subscription period for the new green bond has already been open since 6 October 2026. Including the exchange result achieved, the total subscribed volume currently stands at EUR 54 million in nominal terms. The offering is aimed at a wide range of investors both domestically and abroad.
Deadlines and admission to trading venues
The distribution of the UBM Green Bond 2026-2031 is taking place in Germany, Austria and Luxembourg via a public offer subject to a prospectus. Outside these core countries, the bond is being marketed to selected investors by way of a private placement. Prospective buyers have the opportunity to submit subscription orders until 23 October 2026. UBM expressly reserves the right to close the offer and the subscription period early in the event of corresponding demand.
- —Volume of the old bond: EUR 50 million nominal with an exchange of EUR 18 million
- —New green bond: 7.00 per cent interest rate with a five-year term
- —Re-offer price: 99.50 per cent with a previous total volume of EUR 54 million
- —End of subscription: 23 October 2026 with settlement on 30 October 2026
The scheduled value date for settlement of the issue is 30 October 2026. Following this, UBM aims to obtain admission to trading for the security on two key stock exchanges. The plan envisages inclusion in the Official Market of the Vienna Stock Exchange in the Corporates Prime segment, as well as a listing on the Open Market of the Frankfurt Stock Exchange.
