SRC Research gives 4 of 5 stars for corporate bond of VST BUILDING TECHNOLOGIES (8.5% coupon, duration until 2019)
(Thomson Reuters ONE) -
SRC Research /
SRC Research gives 4 of 5 stars for corporate bond of VST BUILDING TECHNOLOGIES
(8.5% coupon, duration until 2019)
. Ad hoc announcement according to § 15 WpHG. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
SRC Research, the bank-independent analysts' house for Financials and Real
Estate stocks, today releases a research report about the first corporate bond
of VST BUILDING TECHNOLOGIES AG.
The bond has a maturity of 6 years and offers an attractive coupon of 8.5%. The
company is a leading provider of construction technology and holds several
patents in this field. All construction elements assembled by VST are certified
as highly sustainable, so-called passive-energy building technology. The two
core markets of the group are Germany and Sweden. Recently, another strong
partner could be won over with the SKANSKA-Group, one of the largest and credit-
worthiest construction groups in Europe. It was contractually fixed, that
SKANSKA will realize 40% of all residential real estate projects in the greater
Stockholm area with building technology provided by VST. In addition, SKANSKA
will build its new headquarters with construction elements provided by VST
BUILDING TECHNOLOGIES AG. Taking into account the large current order backlog as
well as the increasing demand for sustainable building technology, which is also
driven by recent changes in legislation, we see very attractive growth potential
for the company.
In our initial coverage of the corporate bond of VST BUILDING TECHNOLOGIES AG,
we assign 4 out of 5 possible stars in our proprietary SRC Credit Research
rating. This bond research report is written in German language and is available
for download at our company homepage at www.src-research.de
For any queries regarding this credit research report please do not hesitate to
contact us.
Contact person:
Dipl.-Vw. Denis Kuhn, Certified Credit Analyst (CCrA)
Mail: kuhn(at)src-research.de
Fon: +49-(0)69-400313-81
VST_Bond_16Sept13.pdf:
http://hugin.info/142103/R/1729358/577760.pdf
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originality of the information contained therein.
Source: SRC Research via Thomson Reuters ONE
[HUG#1729358]
Unternehmensinformation / Kurzprofil:
Datum: 16.09.2013 - 11:30 Uhr
Sprache: Deutsch
News-ID 296736
Anzahl Zeichen: 2894
contact information:
Town:
Frankfurt
Kategorie:
Business News
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