Telekom Austria : A1 Telekom Austria Group announces redemption of Hybrid bond 2013
January 04, 2018 at 12:05 am IST
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Vienna, 03 January 2018, 07:01 pm
The A1 Telekom Austria Group (VSE: TKA, OTC US: TKAGY) announces that the Management Board of Telekom Austria AG adopted a resolution today to call and redeem the EUR 600 mn hybrid bond issued by Telekom Austria AG in 2013 (ISIN XS0877720986) (the 'Hybrid Bonds').
Accordingly, and in accordance with § 5 (3) of the terms and conditions of the Hybrid Bonds, Telekom Austria AG will call and redeem the Hybrid Bonds at their nominal value plus all interest on February 1, 2018, the First Call Date.
Formal notice of termination in accordance with the terms and conditions of the Hybrid Bonds will be given separately and redemption payments will be effected through the paying agent.
Disclaimer for forward-looking statements:
This document contains forward-looking statements. These forward-looking statements are usually accompanied by words such as 'believe', 'intend', 'anticipate', 'plan', 'expect' and similar expressions. Actual events may differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. Neither Telekom Austria nor any other person accepts any liability for any such forward-looking statements. Telekom Austria will not update these forward-looking statements, whether due to changed factual circumstances, changes in assumptions or expectations. This report does not constitute a recommendation or invitation to purchase or sell securities of Telekom Austria.
Telekom Austria AG published this content on 03 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 January 2018 18:34:10 UTC.
Original documenthttps://www.a1.group/en/newsroom/2018-1-3-a1-telekom-austria-group-announces-redemption-of-hybrid-bond-2013
Public permalinkhttp://www.publicnow.com/view/14771F44345AEC31B0CF1E380D2AC42DB2907031
Telekom Austria AG is Austria's leading telecoms operator. Net sales break down by activity as follows:
- mobile telecommunications services (46.7%): 23.9 million subscribers at the end of 2022;
- fixed telecommunication services (36.5%): fixed-line telephony service Internet access. The group also develops telecommunication for telecom operators (line leasing, satellite transmission services, creation of domain names, etc.);
- sale of communication equipments (15%);
- other (1.8%).
Net sales (including intragroup) break down geographically as follows: Austria (54.6%), Bulgaria (12.7%), Croatia (9.3%), Belarus (9.1%), Serbia (7.1%), Slovenia (4.4%) and Macedonia (2.8%).