45% Exchange smooths out repayment profile – books closed early.
With its latest Green Bond 2025–2030 (ISIN: AT0000A3PGY9), UBM demonstrates that it continues to enjoy investor confidence and can successfully refinance itself on the capital market. Thanks in particular to the widely accepted exchange offer, the redemption volume of UBM bonds has now been significantly reduced to 76 million on November 13, 2025, and 72 million on May 21, 2026. The exchange rate of 45 million bonds is at the upper end of historically achieved values.
From September 29 to October 16, 2025, an exchange offer was made available to holders of the UBM 2019–2025 bond with an original volume of 120 million and to holders of the UBM 2021–2026 bond with an original volume of 150 million, to exchange them for the new five-year UBM Green Bond 2025. As early as October 2024, 74 million of these two bonds had been successfully exchanged for the UBM Green Bond 2024 and thus extended; the current offer added a further 48 million. In total, approximately 122 million of the original total bond volume of 270 million was exchanged.
Including "fresh capital," a volume of €75 million was placed in the current bond issue for 2025–2030. "The current issue volume is due to the still challenging environment in the real estate sector. Nevertheless, the placement once again demonstrates the capital market's confidence in our strategy and development pipeline," says Patric Thate, CFO of UBM Development AG, and further emphasizes: "This has allowed us to smooth our repayment profile once again, which represents an important competitive advantage in the current market phase."„
The UBM Green Bond 2025 was offered for subscription in Austria, Germany, and Luxembourg via a public offering subject to prospectus requirements, and in other countries via a private placement. The planned value date is October 30, 2025. Listing of the UBM Green Bond 2025 on the Official Market (Corporate Prime) of the Vienna Stock Exchange and its inclusion in the Open Market segment of the Frankfurt Stock Exchange are intended.
Raiffeisen Bank International AG acted as Sole Global Coordinator and Paying Agent, and jointly with Montega Markets GmbH, as Joint Bookrunner. UBM was advised by DLA Piper capital markets experts Christian Temmel and Christian Knauder-Sima, while Raiffeisen Bank International AG was supported by the Wolf Theiss team led by Claus Schneider and Sebastian Prakljacic.
UBM Development is one of Europe's leading developers of timber construction projects. Its strategic focus is on green and smart buildings in metropolitan areas such as Vienna, Munich, Frankfurt, and Prague. The Platinum rating from EcoVadis and the Prime status from ISS ESG confirm its consistent commitment to sustainability. With over 150 years of experience, UBM offers all development services from planning to marketing from a single source. Its shares are listed on the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.