9.5.2006 | Austria

S&T: EUR 30 Million Corporate Bond to Finance Further Growth

High-Margin Services and Solutions Targets on the Shortlist

S&T System Integration & Technology Distribution AG is to secure financing for further growth by issuing a further corporate bond of over EUR 30 million.
S&T has announced the issue of a corporate bond with a total volume of EUR 30 million and a life of 5 years. “Together with the existing funds, this additional EUR 30 million provides a solid basis for the further expansion of S&T AG. The fixed annual interest rate of 5.375% over the entire life of the bond, correlated to the actual interest rates on the market, also reflects S&T’s good credit rating,” said Martin Bergler, CFO of S&T AG.

“We are currently examining six specific projects in Poland, Slovakia, Hungary, Turkey and Austria which mainly specialise in services and solutions. Two of these acquisition targets operate in several countries. Due to the focus on the services sector, we are convinced that all the companies on the shortlist will provide ideal support for the growth path on which we have embarked,” said Christian Rosner, CEO of S&T AG.

S&T now has more than EUR 50 million in its "war chest." The bond was placed under the lead management of Hypo Alpe-Adria Bank AG.
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