SRC Research: SRC Research gives 4 of 5 stars for corporate bond of VST BUILDING TECHNOLOGIES (8.5% coupon, duration until 2019)

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 (http://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: [e-mail] (mailto:[e-mail])
Fon: [phone]

VST_Bond_16Sept13.pdf (http://hugin.info/142103/R/1729358/577760.pdf)

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