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Lenzing successfully places sustainable bonded loan of over EUR 500 mn

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28.11.2019


Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Great interest in sustainable and innovative financing of the operative growth of Lenzing
Financing/Company Information
Lenzing - Lenzing AG forges new paths in the financing of operative growth: As one of the first companies in the world, on November 27, 2019, the leading producer of wood based cellulose fibers successfully positioned a bonded loan bound to its sustainability performance.
For this type of loan, the interest is linked to Lenzing's performance in the area of sustainability and is annually reviewed and assessed by an independent sustainability agency. The MSCI agency, which undertakes the rating in Lenzing's case, recently awarded the company an A rating. The innovative and sustainability-based financing of a bonded loan is a consistent step in the implementation of its own corporate strategy "sCore TEN", with a focus on sustainability and environmental protection.
The initial EUR 200 mn bond was of such interest to investors from Europe and Asia that the decision was made to increase it to EUR 500 mn. Nearly 12 percent of this (USD 65 mn) was tendered in US dollars. The average interest rate of the loan is just under 1%, through which the Lenzing Group is financed less expensively than with previous bonded loans. The fluctuation margin of the interest rate of +/- 2.5 base points rises or falls depending on Lenzing's sustainability rating. In the event of an improved rating, the relevant interest savings will be donated on the part of Lenzing.
The total volume of the loan of EUR 500 mn will be available to the Lenzing Group in December 2019 and in January 2020, and is further distributed over tranches with terms of five, seven and ten years. In addition, registered bonds will be put into place with a term of 15 years. The resources will be used for general corporate financing, for early refinancing of a bond tranche from 2015 and for important sustainable future projects by the Lenzing Group.
Thomas Obendrauf, Chief Financial Officer of the Lenzing Group: "Our bonded loan connects attractive conditions to an innovative sustainability-oriented concept. For this we've used the favorable interest environment and secured long-term financing. Sustainability is an important success factor of our corporate strategy. We are firmly convinced that sustainability represents an elementary factor for the economic success of the Lenzing Group."
The transaction was arranged and structured by BNP Paribas, the Landesbank Baden-Württemberg and UniCredit. Parts of the bonded loan were tendered via the innovative digital platform Debtvision. Considering the strong interest by domestic and foreign investors, the initial starting volume of EUR 200 mn was oversubscribed multiple times.
end of announcement euro adhoc
issuer: Lenzing AG
A-4860 Lenzing phone: +43 7672-701-0 FAX: +43 7672-96301 mail: office@lenzing.com WWW: http://www.lenzing.com ISIN: AT0000644505 indexes: ATX, WBI stockmarkets: Wien language: English
Digital press kit: http://www.ots.at/pressemappe/1597/aom


Lenzing
Akt. Indikation:  48.75 / 48.90
Uhrzeit:  15:25:29
Veränderung zu letztem SK:  0.88%
Letzter SK:  48.40 ( -3.97%)



 

Bildnachweis

1. Lenzing Geschäftsbericht 2018 - https://boerse-social.com/financebooks/show/lenzing_geschaftsbericht_2018   >> Öffnen auf photaq.com

Aktien auf dem Radar: Semperit , Marinomed Biotech , CA Immo , Lenzing , Zumtobel , FACC , Amag , Pierer Mobility AG , voestalpine , Erste Group , RBI , Wienerberger , Addiko Bank , AMS , AT&S , Bawag , Palfinger , Porr , Polytec , SBO , S Immo , Telekom Austria , Mayr-Melnhof , Lufthansa , MTU Aero Engines , adidas , Covestro , BASF , Beiersdorf , BMW , Continental.


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    Lenzing successfully places sustainable bonded loan of over EUR 500 mn


    28.11.2019
    Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
    Great interest in sustainable and innovative financing of the operative growth of Lenzing
    Financing/Company Information
    Lenzing - Lenzing AG forges new paths in the financing of operative growth: As one of the first companies in the world, on November 27, 2019, the leading producer of wood based cellulose fibers successfully positioned a bonded loan bound to its sustainability performance.
    For this type of loan, the interest is linked to Lenzing's performance in the area of sustainability and is annually reviewed and assessed by an independent sustainability agency. The MSCI agency, which undertakes the rating in Lenzing's case, recently awarded the company an A rating. The innovative and sustainability-based financing of a bonded loan is a consistent step in the implementation of its own corporate strategy "sCore TEN", with a focus on sustainability and environmental protection.
    The initial EUR 200 mn bond was of such interest to investors from Europe and Asia that the decision was made to increase it to EUR 500 mn. Nearly 12 percent of this (USD 65 mn) was tendered in US dollars. The average interest rate of the loan is just under 1%, through which the Lenzing Group is financed less expensively than with previous bonded loans. The fluctuation margin of the interest rate of +/- 2.5 base points rises or falls depending on Lenzing's sustainability rating. In the event of an improved rating, the relevant interest savings will be donated on the part of Lenzing.
    The total volume of the loan of EUR 500 mn will be available to the Lenzing Group in December 2019 and in January 2020, and is further distributed over tranches with terms of five, seven and ten years. In addition, registered bonds will be put into place with a term of 15 years. The resources will be used for general corporate financing, for early refinancing of a bond tranche from 2015 and for important sustainable future projects by the Lenzing Group.
    Thomas Obendrauf, Chief Financial Officer of the Lenzing Group: "Our bonded loan connects attractive conditions to an innovative sustainability-oriented concept. For this we've used the favorable interest environment and secured long-term financing. Sustainability is an important success factor of our corporate strategy. We are firmly convinced that sustainability represents an elementary factor for the economic success of the Lenzing Group."
    The transaction was arranged and structured by BNP Paribas, the Landesbank Baden-Württemberg and UniCredit. Parts of the bonded loan were tendered via the innovative digital platform Debtvision. Considering the strong interest by domestic and foreign investors, the initial starting volume of EUR 200 mn was oversubscribed multiple times.
    end of announcement euro adhoc
    issuer: Lenzing AG
    A-4860 Lenzing phone: +43 7672-701-0 FAX: +43 7672-96301 mail: office@lenzing.com WWW: http://www.lenzing.com ISIN: AT0000644505 indexes: ATX, WBI stockmarkets: Wien language: English
    Digital press kit: http://www.ots.at/pressemappe/1597/aom


    Lenzing
    Akt. Indikation:  48.75 / 48.90
    Uhrzeit:  15:25:29
    Veränderung zu letztem SK:  0.88%
    Letzter SK:  48.40 ( -3.97%)



     

    Bildnachweis

    1. Lenzing Geschäftsbericht 2018 - https://boerse-social.com/financebooks/show/lenzing_geschaftsbericht_2018   >> Öffnen auf photaq.com

    Aktien auf dem Radar: Semperit , Marinomed Biotech , CA Immo , Lenzing , Zumtobel , FACC , Amag , Pierer Mobility AG , voestalpine , Erste Group , RBI , Wienerberger , Addiko Bank , AMS , AT&S , Bawag , Palfinger , Porr , Polytec , SBO , S Immo , Telekom Austria , Mayr-Melnhof , Lufthansa , MTU Aero Engines , adidas , Covestro , BASF , Beiersdorf , BMW , Continental.


    Random Partner

    Corum
    Corum Investments ist Teil von Corum Asset Management, eine im Jahr 2011 gegründete französische Vermögensverwaltungsgesellschaft, die mehr als 2 Milliarden Euro verwaltet. Das Unternehmen bietet verschiedene Investment-Lösungen: Corum Origin und Corum XL (zwei Immobilien-Investmentlösungen) sowie Corum Eco (einen Anleihen-Fonds). Seit Februar 2019 können nun auch österreichische Investoren Anteile von Corum Origin, dem preisgekrönten französischen Marktführer, erwerben.

    >> Besuchen Sie 54 weitere Partner auf boerse-social.com/partner


    Mehr aktuelle OTS-Meldungen HIER

    Useletter

    Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab. Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

    Newsletter abonnieren

    Runplugged

    Infos über neue Financial Literacy Audio Files für die Runplugged App
    (kostenfrei downloaden über http://runplugged.com/spreadit)

    per Newsletter erhalten



    Meistgelesen
    >> mehr

    Finanzmap-Suchen

    Siemens Healthineers Standort Österreich
    Agrana Bioethanolwerk Pischelsdorf
    Georg Fischer Fittings GmbH Standort Österreich

    Covid 19 lookups




    Newsflow
    >> mehr

    Börse Social Club Board
    >> mehr
      Depot bei bankdirekt.at: Erste Group aufgestockt (Depot Kommentar)
      Star der Stunde: Addiko Bank 1.74%, Rutsch der Stunde: Semperit -5.8%
      wikifolio-Trades Austro-Aktien 14-15: Verbund(2), Frequentis(1), Andritz(1), Warimpex(1)
      Dividende in Krisenzeiten? Ich ärgere mich masslos über die aktuelle Diskussion
      Covid Charttechnik: Die Interpretation von Robert Schittler
      Star der Stunde: EVN 0.53%, Rutsch der Stunde: Semperit -4.21%
      wikifolio-Trades Austro-Aktien 13-14: Erste Group(2), SBO(1), Telekom Austria(1), Bawag(1)
      #gabb #559
      Eine Radarauswahl aus unserem neuen Börsenbrief

      Featured Partner Video

      Gregory Crowe, CEO & President von Silver One Resources (WKN A2AQ9Y)

      Achtung Interessenskonflikt: Ich besitze die Aktie von Silver One Resources / I own the stock of Silver One Resources - conflict of interest! - Greg, wie wir uns gestern kurz getroffen haben, hast ...