HOCHTIEF successfully placed a EUR 500 million corporate bond. The bond has a coupon of 1.75% p.a. and has a maturity until July 2025. With an issue price of 99.52%, the bond offered investors a yield of 1.82% at the time of issue. The issuer and the bond are rated BBB by S&P. The HOCHTIEF bond issuance was met by broad interest among investors leading to an oversubscription of the order book of 2.6 times. The issue proceeds of this transaction will be used for general corporate purposes and for the Abertis acquisition. The bookrunners for this bond placement were Commerzbank, HSBC, Mizuho and Société Générale.
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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.