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Corporate Bond 2020


PORR AG has successfully completed the issue of a subordinated bond (hybrid bond), including the upstream partial repurchase of the hybrid bond issued in 2017. In total, a nominal amount of around EUR 25.7 million was repurchased from the hybrid bond issued in 2017. At the same time, a new hybrid bond in the amount of EUR 150 million was placed with national and international institutional investors.

The issue was significantly oversubscribed and the interest rate was fixed at 5.375% at the lower end of the price range issued due to high demand. The new hybrid bond has an unlimited term with the issuer's option of early redemption after five years (hybrid bond).

A prospectus has been approved by the Austrian Financial Market Authority (Finanzmarktaufsichtsbehörde ─ FMA). The prospectus as well as other information on the issuance are available to the investors: