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MarketScreener Homepage  >  Equities  >  Xetra  >  Hochtief    HOT   DE0006070006

HOCHTIEF

(HOT)
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HOCHTIEF : places corporate bond for EUR 750 million

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09/04/2019 | 10:44am EDT

HOCHTIEF successfully issued a EUR 750 million corporate bond in two tranches.

The first tranche amounting to EUR 500 million has an 8-year maturity and a coupon of 0.5% p.a., providing a yield of 0.596% to investors at the time of issuance. The second tranche amounting to EUR 250 million has a 12-year maturity and a coupon of 1.25% p.a., providing a yield of 1.287% to investors at the time of issuance. With this bond issuance at favorable terms, HOCHTIEF was able to achieve a substantial extension of its long-term debt maturity profile. S&P has awarded the bond with a solid BBB investment-grade rating.

The HOCHTIEF corporate bond was met by broad interest among investors leading to a substantial oversubscription in the order book. The issuance proceeds will be used for general corporate purposes and the refinancing of the EUR 750 million bond due in March 2020.

Disclaimer: Neither this press release nor the information contained herein may be taken, transmitted or distributed directly or indirectly into the United States of America. This press release is not an offer to sell securities in the United States of America, in Australia, Canada, Japan or other jurisdictions in which offers are subject to legal restrictions. Securities may not be offered for sale or sold in the United States of America absent registration under the U.S. Securities Act of 1933, as amended or an exemption thereunder. Any public offering of securities to be made in the United States must be made by means of a prospectus that may be obtained from the issuer and contains detailed information about the company and management, as well as financial statements. The securities mentioned in this press release must not be offered for sale or sold in Australia, Canada or Japan, or to or on account of Australian, Canadian or Japanese citizens. No registration of the offer or of the sale of the securities mentioned in this press release is made pursuant to the legal regulations applicable in Australia, Canada and Japan.

This press release is for informational purposes only and is no offer to sell securities in any jurisdiction. The securities mentioned in this press release have already been placed.

Contact:

Tel: 044 4900 4800

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A. -0.14% 36.14 End-of-day quote.6.98%
HOCHTIEF -0.19% 106.1 Delayed Quote.-9.69%
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Financials (EUR)
Sales 2019 25 271 M
EBIT 2019 1 092 M
Net income 2019 625 M
Finance 2019 1 648 M
Yield 2019 5,52%
P/E ratio 2019 12,0x
P/E ratio 2020 11,1x
EV / Sales2019 0,23x
EV / Sales2020 0,21x
Capitalization 7 493 M
Chart HOCHTIEF
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Technical analysis trends HOCHTIEF
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 142,43  €
Last Close Price 105,80  €
Spread / Highest target 65,4%
Spread / Average Target 34,6%
Spread / Lowest Target -5,48%
EPS Revisions
Managers
NameTitle
Marcelino Fernández Verdes Chairman-Executive Board
Pedro José López Jiménez Chairman-Supervisory Board
José Ignacio Legorburo Chief Operating Officer
Peter-Wilhelm Sassenfeld Chief Financial Officer
Ángel Manuel García Altozano Member-Supervisory Board
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