S&T Syst. Integ. & Tech. Distr. AG
S&T AG: S&T Issues 2nd Corporate Bond
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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S&T Issues 2nd Corporate Bond
Continuation of Expansion Strategy
October 3rd, 2005. Vienna – CEE. S&T System Integration & Technology
Distribution AG is issuing a second corporate bond worth EUR 10 million as
part of a BA-CA “basket bond”, assuring financing for further acquisitions.
Together with three other Austrian companies from different industries (all
acting as independent issuers) S&T is offering a public bond with a life of 7
years bearing a fixed rate of interest of 4% p.a. as part of a basket bond.
This reflects the excellent credit rating of the four participating companies.
The total volume of this basket bond amounts to EUR 30 million, EUR 10
million of which is being raised by S&T.
“Together with the bond issued in April of this year, this bond will provide
the capital for further acquisitions as part of our expansion strategy without
exposing us to the fluctuations of the credit market and the possible impact
of Basel II”, Martin Bergler, CFO of S&T emphasized.
As announced earlier by BA-CA, the funds were allocated on September 30th,
2005. Until they are used for acquisitions, the funds will be used to cover
short-term liabilities. This will optimize interest payments while leaving the
structure of borrowed capital unchanged on the balance sheet.
About S&T – http://www.snt.at – XETRA VIENNA: SNT
With some 1,800 employees S&T is the leading provider for IT solutions and
services for customers in Central and Eastern Europe. The company develops and
implements custom-tailored IT solutions for large and medium-sized
telecommunications companies, banks, power utilities, manufacturing companies
and public institutions. Through our subsidiaries in 21 countries we realize
cross-border IT structures, offering our clients outstanding solutions and
service competence.
For further information please contact:
Martin Bergler Margit Hermentin
Chief Financial Officer Head of Investor Relations and
T: +43 (0)1 367 80 88 Corporate Communications
martin.bergler@snt.at T: +43 (0)1 367 80 88-1024
M: +43 (0)664 112 36 36
margit.hermentin@snt.at
S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria
End of announcement (c)DGAP 03.10.2005
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WKN: 915194; ISIN: AT0000905351; Index: ATX Prime
Listed: Amtlicher Markt in Wien; Freiverkehr in Berlin-Bremen, Frankfurt,
München und Stuttgart
030945 Okt 05
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