EQS-News: Wüstenrot & Württembergische AG issues subordinated bond worth €300 million

On 27 October, Wüstenrot & Württembergische AG (W&W AG) successfully issued a subordinated bond worth €300 million. The bond has a term of 20 years with a call option after 10 years. The bond coupon is 4.983 per cent, which corresponds to a premium of 240 basis points on the swap rate (258.3 bp). The accompanying issuing banks were Morgan Stanley (lead book runner) and LBBW. The issue met with lively interest on the capital market and was subscribed by international investors from Europe and the UK.

With this issue, W&W AG took advantage of the favourable market conditions at the time of issue to optimise the capital structure of the W&W Group from both a regulatory and a rating perspective.

Contact:
Investor Relations
Phone: +49 711 662-725252
Mail: ir@ww-ag.com