on AT&S Austria Technologie & Systemtechnik AG (ETR:AUS)
AT&S Details New Convertible Bond Pricing
AT&S Austria Technologie & Systemtechnik AG has disclosed the reference and conversion prices for its new deeply subordinated perpetual convertible bond. The bond, valued at EUR 400 million, offers an early redemption option and is convertible into AT&S shares. The reference share price stands at EUR 195.5780, with an initial conversion price of EUR 254.2514, reflecting a 30% premium.
The bond settlement is expected around 23 June 2026, with listing plans for the Vienna MTF. J.P. Morgan, Deutsche Bank, and Citigroup served as coordinators and bookrunners, while Erste Group and Raiffeisen Bank International acted as co-leads.
AT&S is a prominent producer of IC substrates and circuit boards, crucial for industries like automotive and AI. The firm continues to invest in R&D, strengthening its digital transformation initiatives.
R. P.
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