Porr launches up to EUR 150 million hybrid convertible bond offering

• Porr launched an offering of a deeply subordinated, perpetual hybrid convertible bond of up to EUR 150 million.
• Issue price set at par; minimum denomination EUR 100,000; placed via accelerated bookbuild with institutional investors outside the US.
• Coupon fixed at 2.5%-3% until Sept. 30, 2031; then resets to 5-year euro mid-swap plus 900 basis points.
• Initial conversion price expected at a 27.5%-32.5% premium to the reference share price tied to a concurrent share placement.
• Settlement targeted around Sept. 30, 2026; net proceeds earmarked for financial flexibility, growth, general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Porr AG published the original content used to generate this news brief via pressetext (Ref. ID: 202609221155PRESSTXTEUPR__DE4EDE762AD407277CBB10069AC7DCB53) on September 22, 2026, and is solely responsible for the information contained therein.