All issuances executed before 8.7.2022 were issued in compliance with the Mortgage Banking Act (Hypothekenbankgesetz) and are here stated as “Pfandbriefe”.
Starting with 8.7.2022, the issuance of Mortgage Covered Bonds and Public Covered Bonds (or “gedeckte Schuldverschreibungen”) by UniCredit Bank Austria AG is governed by the provisions of the Austrian Covered Bond Law (Pfandbriefgesetz - PfandBG).
The Covered Bond Law is based on an EU-Directive, which harmonized the rules for Covered Bonds within the EU.
The Austrian Covered Bond Law ensures that investors in Mortgage and Public Covered Bonds have a tightly meshed safety net; Covered Bonds are declared as gilt-edged under Austrian Civil Law.
All rules and regulations regarding the cover pool register, cover pool trustee and reporting of the cover pool are applicable to both Mortgage Covered Bonds and Public Covered Bonds:
Eligible for the Public Cover Pool are loans compliant with Article 129 CRR, in particular, loans to central governments, regional governments or local authorities as well as to “Public Sector Entities” acc. to Article 4 No 8 CRR in the Union.
In addition, loans which are guaranteed by the mentioned institutions. Bonds issued or guaranteed by one of the bodies stated before are also eligible assets for the Public Cover Pool.
The Public Cover Pool of UniCredit Bank Austria AG holds a Triple A rating (Aaa) by Moody's and was granted the ECBC Covered Bond Label.
The Mortgage Cover Pool only consists of mortgages situated in Austria.
The Mortgage Cover Pool of UniCredit Bank Austria AG holds a Triple A rating (Aaa) by Moody's and was granted the ECBC Covered Bond Label.
Here you may find details of UniCredit Bank Austria AG's cover pools:
Cover Pool Reporting
Here you may find additional details of UniCredit Bank Austria AG's cover pools:
The Harmonised Transparency Template (HTT) is a world-wide standardised, Excel-based form that issuers who have been granted the Covered Bond Label use to disclose information on their covered bond programs.
You can find a list of UniCredit Bank Austria AG’s Pfandbriefe and Covered Bonds on the website of the Covered Bond Label.
Link to "Pfandbrief & Covered Bond Forum Austria": www.pfandbriefforum.at