Lenzing To Redeem Remaining €182 Mn Hybrid Bond Issued In 2020
Austrian fibre major Lenzing AG on Friday said it will redeem the remaining portion of its undated, subordinated resettable fixed rate notes, also known as the Hybrid Bond 2020, issued in December 2020.
The company said it is exercising its contractual call option to redeem the outstanding bonds, carrying ISIN XS2250987356, at par along with accrued interest, effective September 12, 2025.
After the completion of an exchange offer in July this year, €182 million of the hybrid bond was still outstanding. “Following the successful closing of the exchange offer for the 2020 Hybrid Bond on July 9, 2025, EUR 182 million of the 2020 Hybrid Bond remained outstanding. Lenzing is exercising its right to call and redeem the bond,” the company said in a statement.
The redemption aligns with Lenzing’s ongoing efforts to strengthen its balance sheet and optimise its capital structure. A formal notice of redemption has been issued separately, the company added.
