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AT & S Austria Technologie und Systemtechnik to issue subordinated bond
Press Wire ♦
Published: November 7, 2017; 10:00 ♦ (Vindobona)
The Management Board of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has decided - based on today's approval from the Supervisory Board and depending on market conditions - to issue a deeply subordinated bond with an indefinite term and an early redemption option by the issuer after five years (hybrid bond). HSBC Bank plc was mandated as sole structuring advisor and sole bookrunner.
AT & S Austria Technologie und Systemtechnik to issue subordinated bond / Picture: © Vindobona.org
AT&S targets an issue amount of at least a high, double-digit million volume
(sub-benchmark size). The issue will be directed exclusively to institutional
investors with a minimum subscription of EUR 100,000; a retail offer will not
take place. The total issue amount will only be determined after an investor
roadshow. Details of such an issue like nominal…
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