BM Development AG, a European property development company, has successfully placed a new corporate bond on the capital market. The order book was closed within a few hours on the very first day of the subscription period – despite an additional allocation of €150m – due to the high oversubscription. The new UBM Bond 2017-2022 has a maturity of five years and a coupon rate of 3.25%. The value date was October 11, 2017.

Raiffeisen Bank International and  Quirin Privatbank were responsible for the placement of the bond. The two banks relied on the legal advice of the Wolf Theiss Debt Capital Markets Team.