S&T AG resolves upon the issuance of a corporate bond with a volume of up to EUR15 million

S&T AG (ISIN: DE000A1HJLL6, WKN: A1HJLL) plans to issue a corporate bond with a volume of up to EUR15 million, a 7.25% rate of interest, and a term of five years. This was resolved today by the company's Managing Board. The Supervisory Board has approved the measure. The net proceedings from the bond are to be employed to refinance extant financial liabilities, thus bringing about a well-balanced structure of outside capital.

The bearer convertible bonds can be subscribed for during the term of offering, which is set to be from May 13, 2013 to at noon on May 17, 2013. This term could be shortened. The listing of the bonds on the Open Market of Deutsche Börse AG (the over-the-counter market of the Frankfurt Stock Exchange) is scheduled to take place on May 22, 2013. This will be simultaneously accompanied by its listing on the Entry Standard segment for bonds.

Close Brothers Seydler Bank AG, Frankfurt am Main, has been appointed Sole Global Coordinator and bookrunner for the bond. Institutional investors can submit their subscriptions to the bank. Private investors can subscribe to the bond via their depository bank. This is to be undertaken by placing a subscription order with the Frankfurt Securities Exchange.

The public offering of the bond will be undertaken exclusively on the stipulations of the securities prospect, which is to be authorized by Luxembourg's Financial Markets Supervisory Authority (Commission de Surveillance du Secteur Financier). The authorization is expected for May 3, 2013. The prospectus is to be communicated to the responsible authorities in Germany and Austria.

The bond: key facts

Issuer: S&T AG
Volume of issuance: Up to EUR15 million
Denomination: EUR 1,000
Interest warrant: 7,25% p.a.
Term of subscription: May 13 - May 17, 2013 at noon (right reserved for an ahead-of-term expiration)
Term: 5 years, from May 22, 2013 (and including) to May 22, 2018 (exclusively)
Interest payments: annually, initially on May 22, 2014
Issue rate: 100%
Redemption rate: 100%
Kind of security: Bearer corporate bond
Exchange listing: Open Market of Deutsche Börse AG (over-the-counter market of the Frankfurt Stock Exchange) in the Entry Standard segment for bonds