EANS-Adhoc: Lenzing AG / Lenzing successfully places EUR 120 million corporate bond with mainly private investors

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announcement.
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Company Information

22.09.2010

Lenzing AG, the world market leader in man-made cellulose fibers,
successfully placed a seven-year corporate bond with a coupon rate of
3.875 %. The bond sale was oversubscribed fourfold. Approximately 75
% of the total volume went to private Austrian investors due to
strong demand from this group. Peter Untersperger, chairman of the
management board, comments: "We have achieved an important target of
our bond issue in an optimum manner, namely the diversification of
our creditor base. We see the considerable oversubscription and the
great demand from institutional and in particular private investors
as an indication that Lenzing is well positioned as a global and yet
essentially Austrian company".

Lenzing will use the net proceeds for optimizing the company's
current financing portfolio, strengthening its financial power,
refinancing existing financial liabilities, as well as for financing
new projects, such as developing and extending established business
activities. The company's CFO, Thomas G. Winkler notes: "The new
Lenzing corporate bond puts us in a position to optimally adapt our
financing structure to the requirements of the next years. The coupon
rate of 3.875 % reflects the high credit rating given by the
investors and sets a benchmark."

About 90 % of the total bond volume was allocated to Austrian private
and institutional investors, the remainder to non-Austrian investors.
Appointed joint lead managers of the bond issue were UniCredit Bank
Austria AG and Raiffeisen Zentralbank Österreich AG, senior co-lead
managers: Raiffeisenlandesbank Oberösterreich AG, Erste Group and
Oberbank AG, and co-lead managers: Investkredit Bank AG, Sparkasse
Oberösterreich and BAWAG P.S.K.

end of announcement euro adhoc
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ots Originaltext: Lenzing AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Lenzing AG

Mag. Angelika Guldt

Tel.: +43 (0) 7672-701-2713

Fax: +43 (0) 07672-918-2713

mailto:a.guldt@lenzing.com

Branche: Chemicals
ISIN: AT0000644505
WKN: 852927
Index: WBI
Börsen: Berlin / free trade
Wien / official market