Commentary & Deal Flow

Wienerberger AG (WIEAV), a leading international provider of smart solutions for the entire building envelope and infrastructure, rated Ba1 (negative) by Moody’s, has mandated BNPP, Raiffeisen Bank Intl and UniCredit as Joint Bookrunners to organize a General Investor Call on 26 May at 14:00h UKT / 15:00h CET and a series of one-on-one fixed income investor calls on 26 and 27 May. A NetRoadshow presentation has been made available. UniCredit will be coordinating logistics.
    A euro-denominated, Reg S, senior unsecured, min. EUR300m offering with a tenor of 3, 5 or 6 year will follow, subject to market conditions. UOP: repay EUR300m 18mo bridge loan incurred to repay its EUR300m 4% bonds at maturity on April 17, 2020. Biz: producer and marketer of building products (bricks, clay and concrete roof tiles, ceramic and plastic pipe, and concrete pavers. HQ: Vienna, Austria.