Strabag Issues EUR100 Million Company Bond

Austrian construction company Strabag SE (STR.VI) is issuing a EUR100 million seven-year company bond, the company said Thursday.

MAIN FACTS:

-It has a coupon of 4.25% per annum and will be offered from May 4, 2012 to May 8, 2012 to private investors in Austria, Germany and Luxemburg for subscription.

-The bond has a denomination of EUR1000 and the issue price is set at 101.45%.

-Strabag plans to use the proceeds from the bond issue for general business expense and to better its financing structure, it said.

-Raiffeisen Bank International AG (RBI.VI) and UniCredit Bank Austria AG are the joint lead managers of the issue. Erste Group Bank AG (EBS.VI); Joh. Berenberg, Gossler & Co. KG, Vienna branch; Oberbank AG (OBS.VI); Raiffeisenlandesbank Niederoesterreich-Wien AG and Raiffeisenlandesbank Oberoesterreich AG are the senior co-lead managers. The Allgemeine Sparkasse Oberoesterreich Bank AG is the co-lead manager.

-Standard & Poor's Ratings Services has rated the bond BBB-, Strabag said.

 
-By Vienna Bureau, Dow Jones Newswires; [phone], [e-mail]