UBM Development: 36% of its 2023–2027 bonds swapped into new green notes
UBM Development says about €18m of its 2023–2027 bonds were exchanged into the new 7% green bond 2026–2031. Cash subscriptions have already brought the total to €54m.
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what happened
According to UBM Development AG, distributed via pressetext, the exchange offer for the UBM Bond 2023–2027 (ISIN AT0000A35FE2), with a nominal value of €50m, closed on 16 October 2026. Investors exchanged roughly €18m, a 36% exchange rate.
The new 5-year 7% UBM Green Bond 2026–2031 has been offered since 6 October at a re-offer price of 99.50%. Including exchange results, its volume has reached €54m, with the option to raise it to up to €100m. Subscriptions run until 23 October and may close early. Settlement is planned for 30 October, with listings intended in Vienna and Frankfurt.
why it matters
The story mainly concerns the company's own debt and a small corner of the Austrian corporate bond market, so its reach beyond that is limited. The high exchange rate does suggest retail investors remain interested in the developer's paper. The company stresses that the prospectus, not this release, is binding, and that issuer credit risk remains.
tags
instruments
sources
- High Exchange Rate of 36% for UBM Bond — Reuters, 20 October 2026 at 05:00 UTC
- PTA-News: UBM Development AG: High Exchange Rate of 36% for UBM Bond — Reuters, 20 October 2026 at 05:00 UTC
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