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The W.E.B Board of Directors presented the company’s new capitalization measures at a press conference at Vienna’s Café Landtmann. Our picture shows them ringing the “opening bell” to signal the starting bond issue.
The subscription period for three more WEB Windenergie AG bonds entitled "Green Power Bonds 2015" started on 23 October 2015.
W.E.B. has prepared another issue of three different bonds for the purpose of financing current and future investments: aside from two conventional bonds with maturity periods of five and ten years respectively – one is 100% due upon maturity, one partially repaid annually – W.E.B issues the next wind power hybrid bond without maturity date. This bond issue makes sure that W.E.B stays true to its role as an innovation pioneer in the field of green investment: the company just issued Austria’s very first wind power hybrid bond last year. In addition to the widely diversified W.E.B shares and previously issued wind power bonds, these current bonds offer the attractive opportunity of becoming a part of the success story called WEB Windenergie AG while personally contributing to the energy transition.
2.75% Bond 2015–2020, 100% due upon maturity:
The maturity period for this corporate bond is five years at an interest rate of 2.75% p.a. The denomination of this partial debenture is 1.0 TEUR with an issue price of 100% (1.0 TEUR nominal). The subscription period is from 23 October 2015 to 14 December 2015 at the latest. The current issue volume is 5.0 MEUR with a possible increase of up to 5.0 MEUR (in total up to 10.0 MEUR).
4.00% Bond 2015–2025, annual partial repayment:
The maturity period for this corporate bond is ten years at interest rate of 4.00% p.a. The denomination of this partial debenture is 1.0 TEUR with an issue price of 100% (1.0 TEUR nominal). The subscription period is from 23 October 2015 to 14 December 2015 at the latest. The current issue volume is 5.0 MEUR with a possible increase of up to 5.0 MEUR (in total up to 10.0 MEUR).
6.50% Hybrid Bond, without maturity date:
This hybrid bond offers W.E.B investors the opportunity of participating in the company’s performance much more directly compared to conventional bonds and enjoying a higher interest rate in return: its interest rate of 6.50% p. a. clearly exceeds the currently average interest levels of other corporate bonds. Interest payments may be suspended in years when there is no dividend distributed for the previous fiscal year. Interests and repayments are indirectly connected to corporate success and, therefore, rather correspond to the basic idea of citizen participation that has shaped W.E.B from the start compared to conventional bonds. Investors benefit from higher interest rates (at higher risk), while the company benefits from a stronger equity base with greater flexibility and availability of invested resources (from a legal point of view, hybrid bonds are debt capital but may be recognized as equity under IFRS). Issue price, denomination, subscription period, and issue volume are the same as with the other two bonds of the current issue package.
As with previous W.E.B bonds, the currently offered bonds will be listed on the third market of the Vienna stock exchange.
Find out more in our brochure.
Also learn more about our "Green Power-Tour 2015" and take advantage of the opportunity to talk to our W.E.B Board of Directors in person. Find all dates and register online: go to road shows.
This news release serves advertising purposes. W.E.B. published the final terms of this issue as well as a brochure notified in Germany and in accordance with the Austrian Capital Market Act (KMG) which investors may obtain free of charge either at http://www.greenpower2015.at/ or personally at WEB Windenergie AG, Davidstraße 1, 3834 Pfaffenschlag during normal business hours. The offer of debentures is exclusively made by means and on the basis of the brochure.