Press release

HOCHTIEF places corporate bond for EUR 750 million

Essen
03.09.2019

THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISTRIBUTION INTO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.

HOCHTIEF successfully issued a EUR 750 million corporate bond in two tranches. The first tranche amounting to EUR 500 million has an 8-year maturity and a coupon of 0.5% p.a., providing a yield of 0.596% to investors at the time of issuance. The second tranche amounting to EUR 250 million has a 12-year maturity and a coupon of 1.25% p.a., providing a yield of 1.287% to investors at the time of issuance. With this bond issuance at favorable terms, HOCHTIEF was able to achieve a substantial extension of its long-term debt maturity profile. S&P has awarded the bond with a solid BBB investment-grade rating.

The HOCHTIEF corporate bond was met by broad interest among investors leading to a substantial oversubscription in the order book. The issuance proceeds will be used for general corporate purposes and the refinancing of the EUR 750 million bond due in March 2020.

Disclaimer: Neither this press release nor the information contained herein may be taken, transmitted or distributed directly or indirectly into the United States of America. This press release is not an offer to sell securities in the United States of America, in Australia, Canada, Japan or other jurisdictions in which offers are subject to legal restrictions. Securities may not be offered for sale or sold in the United States of America absent registration under the U.S. Securities Act of 1933, as amended or an exemption thereunder. Any public offering of securities to be made in the United States must be made by means of a prospectus that may be obtained from the issuer and contains detailed information about the company and management, as well as financial statements. The securities mentioned in this press release must not be offered for sale or sold in Australia, Canada or Japan, or to or on account of Australian, Canadian or Japanese citizens. No registration of the offer or of the sale of the securities mentioned in this press release is made pursuant to the legal regulations applicable in Australia, Canada and Japan.

This press release is for informational purposes only and is no offer to sell securities in any jurisdiction. The securities mentioned in this press release have already been placed.


HOCHTIEF shares

Current share prices
Short profiles

HOCHTIEF and subsidiaries
Financial reports online

Financial Reports

Order and download

Financial Reports