UniCredit Bank Austria UniCredit Bank Austria
Contact us!
General enquiries
Card blocking
UniCredit Bank Austria UniCredit Bank Austria
Contact us!
OnlineBanking | BusinessNet

Press releases

13.04.2017

Two New WohnbauAnleihe Bonds of Bank Austria Wohnbaubank

Bank Austria Wohnbaubank has launched two new WohnbauAnleihe bonds for security-oriented investors, one of them with a fixed interest rate and one of them with a variable interest rate. The issues are based on the Trust Agreement with UniCredit Bank Austria, which is financially responsible for interest payment and repayment at the end of the term.
• The new “1,4 Prozent fix verzinste Wandelschuldverschreibung 2017-2028/1” has a term of 11 years. The interest rate is going to be paid for the first time in April 2018.
• The new “Variabel verzinste Wandelschuldverschiebung 2017-2030/2” has a term of 13 years. The interest rate (6-months-Euribor flat, 1 percent minimum, 3 percent maximum) is going to be paid for the first time in October 2017.
The WohnbauAnleihe bonds are denominated in units of EUR 100 with a minimum investment of EUR 1,000. Capital will be repaid at 100 per cent of the nominal value at the end of the term, provided that a bondholder has not converted the bonds held by him/her.
An investment in WohnbauAnleihe bonds offers tax benefits
For Austrian private investors, interest earned on WohnbauAnleihe bonds is not subject to Austrian capital yields tax (Kapitalertragsteuer – KESt) up to an amount of 4 per cent annually. These favourable conditions result in a higher net return compared to fully taxable bonds. Capital gains on a sale or redemption are taxed at 27.5 per cent. In addition, WohnbauAnleihe bonds are covered by final taxation; in other words, interest income from them is not subject to income tax.
If investors require their money before maturity, the convertible bonds can be sold at the prevailing market price. However, it should be noted that the WohnbauAnleihe bonds are subject to price fluctuations during their term. If the investment is not held until the end of the term, the investor may recover less than the nominal value.
Eligible for use by entrepreneurs and independent professionals
WohnbauAnleihe bonds are qualifying for the investment-based tax allowance for business profits. While business investors cannot take advantage of the capital yields tax benefit, the legal provisions mean that additional funding will be available for housing construction.

Details of the bond issues:

• “1,4 Prozent Wandelschuldverschreibungen 2017–2028/1“

Issuer: Bank Austria Wohnbaubank AG
Trust maker: UniCredit Bank Austria AG
First value date: April 12th, 2017, thereafter plus accrued interest
ISIN: AT000B126370
Term: 11 years, April 12th 2017 – April 11th 2028
Return/coupon:
(based on the nominal value of 100%): 1,4% p.a. (Exempt from Austrian capital yields tax on presentation of a declaration of personal assets.)
Interest payments: Due and payable on April 12th of each year, for the first time on April 12th 2018.
Repayment/redemption: On April 12th, 2028 at the nominal value, provided that the investor has not converted the bonds held by him/her.
Denomination Nominal value of EUR 100,- (minimum investment: EUR 1.000,-)
Issue price: Your relationship manager will be able to provide you with information on the current issue price. The initial issue price, that includes 1.2 per cent issue surcharge, was set at 101.80 per cent.
Conversion right: Convertible bonds with a nominal value of EUR 1,000 may be converted into 1 bearer participation certificate of the issuer. This corresponds to a nominal conversion ratio of 1 for 10.
Conversion dates: Annually on January 1st, for the first time on January 1st 2019.
Ordinary Cancellation: Not possible
Taxation: - The interests are for Austrian private investors exempt from the Austrian capitals yields tax.
- In case of an operative assessment interests underlie the 27.5 per cent Austrian capital yields tax.
- Capital gains on a sale underlie the 27.5 per cent Austrian capital yields tax.
- The purchase of WohnbauAnleihen qualifies for the investment-based tax allowance for business profits.
- For natural persons residing in Non-EU-Countries, who are limited tax-liable, all interests are taxed with 27.5 percent Austrian capital yields tax. Private investors are excluded as well as natural persons resident in a country with an automatic exchange of information. The residence is to be proved by a certificate of residence.
- The interest yield from this bond will be reported within the framework of the common reporting standard law with regard to all investors who are resident in a country with which Austria has agreed an automatic exchange of information.
Please note that the tax treatment depends on the investor’s personal circumstances, and that the tax advantages described may cease to apply in whole or in part as a result of future changes in the relevant laws

• “Variabel verzinste Wandelschuldverschiebung 2017-2030/2”

Issuer: Bank Austria Wohnbaubank AG
Trust holder: UniCredit Bank Austria AG
First value date: April 12th, 2017, thereafter plus accrued interest
ISIN: AT000B126388
Term: 13 years, April 12th 2017 – April 11th, 2030
Interest/coupon:
(based on the nominal value of 100%) Variable (6-M-Euribor flat – minimum 1% / maximum 3%)
(Exempt from Austrian capital yields tax on presentation of a declaration of personal assets)
Interest payments: Due and payable on April 12th and October 12th of each year, for the first time on October 12th, 2017.
Repayment/redemption: On April 12th, 2030 at the nominal value, provided that the investor has not converted the bonds held by him/her.
Denomination: Nominal value of EUR 100,- (minimum investment: EUR 1.000,-)
Issue price: Your relationship manager will be able to provide you with information on the current issue price. The initial issue price, that includes 1.2 per cent issue surcharge, was set at 101.90 per cent.
Conversion right: Convertible bonds with a nominal value of EUR 1,000 may be converted into 1 bearer participation certificate of the issuer. This corresponds to a nominal conversion ratio of 1 for 10.
Conversion dates: Annually on January 1st, for the first time on January 1st 2019.
Ordinary Cancellation: Not possible
Taxation: - The interests are for Austrian private investors exempt from the Austrian capitals yields tax.
- In case of an operative assessment interests underlie the 27.5 per cent Austrian capital yields tax.
- Capital gains on a sale underlie the 27.5 per cent Austrian capital yields tax.
- The purchase of WohnbauAnleihen qualifies for the investment-based tax allowance for business profits.
- For natural persons residing in Non-EU-Countries, who are limited tax-liable, all interests are taxed with 27.5 percent Austrian capital yields tax. Private investors are excluded as well as natural persons resident in a country with an automatic exchange of information. The residence is to be proved by a certificate of residence.
- The interest yield from this bond will be reported within the framework of the common reporting standard law with regard to all investors who are resident in a country with which Austria has agreed an automatic exchange of information.
Please note that the tax treatment depends on the investor’s personal circumstances, and that the tax advantages described may cease to apply in whole or in part as a result of future changes in the relevant laws

This information regarding the above WohnbauAnleihe bonds is intended solely for informational purposes and does not represent investment advice or an investment or product recommendation. Neither is it an offer or invitation to buy or sell the bond described herein, or a solicitation to make such an offer. It is intended solely as introductory information and is not a substitute for advice provided on the basis of the investor’s individual circumstances and knowledge. Every capital investment involves risks, and the value of the bond can fluctuate during its term. The WohnbauAnleihe bond will be redeemed at the nominal value on the redemption date according to the terms and conditions of the bond. The bond may be sold before maturity at the prevailing market price. The prevailing market price may be lower than the issue price, which means that the investor may fail to recover the full invested amount.

This press release is not a prospectus as defined by the Austrian Capital Market Act (Kapitalmarktgesetz – KMG). This WohnbauAnleihe was published in a basis prospectus pursuant to Section 7 of the KMG on April 6th 2017 in accordance with Section 10 (3) of the KMG. The prospectus is available free of charge and with the current terms at the registered office of Bank Austria Wohnbaubank AG, Lassallestrasse 1, A-1020 Vienna, and can also be obtained at any branch of UniCredit Bank Austria AG. An electronic version is available on the Internet at http://wohnbaubank.bankaustria.at

Enquiries: Bank Austria Pressestelle Österreich
Matthias Raftl, Tel. +43 (0)5 05 05 - 52809;
E-Mail: matthias.raftl@unicreditgroup.at