EANS-Adhoc: SW Umwelttechnik Stoiser & Wolschner AG / SW Umwelttechnik issues a bond with a total volume of EUR 10 m

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.


10 m bond volume
Issuing proceeds add to the equity base and support the further expansion into the growth market Romania
Tenure of eight years, fixed interest rate of 4.625 % plus a bonus of up to 7.497 %

The listed family company SW Umwelttechnik is issuing a bond with a total volume of EUR 10 m divided into EUR 50,000 shares and a subscription period from 25 October to 1 November 2010.

The Alizee Bank AG was chosen as lead manager and will mainly be approaching institutional investors. The bond has a fixed interest rate of 4.625 % and a variable coupon that can increase to 7.497 % depending on the profit or loss on ordinary activities. The tenure is fixed for eight years.

The bond is exempted from any prospectus obligations according to § 17b, passage KMP as well as according to § 3, passage 1 Z 9 KMG. A greenshoe option or rather stock-up of the bond is possible. There will be no public offering of the bond.

The proceeds of the bond will provide a wider basis for the company´s financing options and is meant to support the expansion into the growth market Romania. The investors can profit from the development of infrastructure in Eastern Europe by taking a share in the SW Umwelttechnik bond and can ensure sustainable success of the company.

Central and Southeastern Europe show a high need for investing into infrastructure - especially in the areas of road construction, sewer networks and local supply systems. For example, only 20 % of wastewater is treated in Romania. With a realistic extension of the sewer networks of around 2 % per year, there will be a need for decades that can be served perfectly by SW Umwelttechnik products.

SW Umwelttechnik, a family firm founded in 1910 and listed on the Viennese stock exchange since 1997, stands for sustainable management and consistent growth in Eastern and South-eastern Europe. With our innovative technology to protect the environment we provide an important contribution for the development of necessary infrastructure in Central and South-eastern Europe.
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The offering

SW Umwelttechnik

Issuing volume:
EUR 10,000,000.-

Share division:
EUR 50,000.-

Fixed interest rate:
Coupon 4.625 % at every coupon call date, each one on October 31st

Variable component:
The variable interest rate is aligned with the profit or loss on ordinary activities of SW Umwelttechnik Stoiser und Wolschner AG and amounts to 0.03 % of the profit or loss on ordinary activities per share at every coupon call date, each one on October 31st. The calculation of the variable interest rate takes place each year. The SW Umwelttechnik Stoiser and Wolschner AG annual report audited by certified auditing companies will serve as a basis. The variable coupon is expected to increase to 7.497 % by 2018.

01 November 2010 until, including, 31 October 2018 (eight years, final maturity)

Issuing price:

At tenure end at a 100 %

Subscription period:
25 October - 01 November 2010

Value date
01 November 2010

Appointed lead manager
Alizee Bank AG


end of announcement euro adhoc

issuer: SW Umwelttechnik Stoiser & Wolschner AG Bahnstraße 87-93 A-9020 Klagenfurt phone: 0043-463-321090 FAX: 0043-463-37667 mail: office@sw-umwelttechnik.com WWW: http://www.sw-umwelttechnik.com sector: Technology ISIN: AT0000808209 indexes: WBI

stockmarkets: free trade: Berlin, Frankfurt, Regulated free trade: Wien language: English