Voestalpine AG Upsizes Convertible Bonds with €35 Million Tap Issue

voestalpine AG has announced the successful upsizing of its convertible bonds due 2028. The increase amounts to €35 million, supplementing the €250 million convertible bonds initially issued in April 2023. These new bonds are convertible into approximately 864,000 treasury shares of voestalpine. This issuance aims to enhance liquidity and offer flexibility for strategic investments.

The newly issued bonds maintain the same terms as the previous 2023 bonds with exceptions for the issue date and price, joining them in a single series. The final issue price is set at 118.0999% of the nominal. The offer was conducted via an accelerated bookbuilding process, targeting institutional investors in specific countries outside the US.

It is important to note that these securities have been sold and the announcement does not constitute an offer or solicitation to purchase. The distribution of this information is limited to designated professional investors within certain jurisdictions, in compliance with applicable regulations.