21st Austria weekly - Porr, CA Immo (30/01/2024)

Porr: Construction group Porr has issued a deeply subordinated bond to refinance its 2020 and 2021 hybrid bonds, which are repayable for the first time in February 2025 and November 2026 respectively. The bond achieved a volume of 135 mn Euro an has a coupon of 9.5 %. "With the tailwind of our positive corporate development and the expected good result for 2023, we can now take this important step towards securing our equity structure in the long term. We have easily reached our target volume and thus ensure planning security for the next five years", says Karl-Heinz Strauss, CEO of Porr.Porr: weekly performance: -7.16%CA Immo: Based on independent external appraisals, real estate company CA Immo expects a net property revaluation loss of around EUR 375 million for the fourth quarter of ...

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