News


27
November 2017

CHSH advises AT&S in connection with EUR 175 million hybrid bond issue

CHSH has advised AT & S Austria Technologie & Systemtechnik Aktiengesellschaft in connection with the successful issue of a hybrid bond with a total volume of EUR 175 million. Due to the great interest, the coupon of the bond with an indefinite term (and a first redemption option after five years) was determined at 4.75%. The issue, which was exclusively directed at institutional investors was primarily placed internationally. After admission to trading, the hybrid bond is traded on the Semi-official Market of the Vienna Stock Exchange.

Stefan Greimel, General Counsel of AT&S: "We are very happy that, with the support of CHSH, we have been able to successfully place the first hybrid bond in the history of AT&S."

The team at CHSH consisted of the CHSH partners Clemens Hasenauer, Volker Glas and Johannes Prinz, the senior attorneys Christian Aichinger and Lorenz Pracht and associate Michael Soukup.