New stepped bond series with interest rising to 4.0 per cent
With immediate effect, Bank Austria provides security-oriented investors with new bonds with rising interest rates. The new stepped bond series 110 / 2009 - 2015 with 2.00 to 4.00 per cent interest has a term of six years and a denomination of EUR100. The minimum investment is EUR2,500. Interest rates will rise from 2.00 to 4.00 per cent in the course of the term. The average interest rate this is 2.83 per cent.
The new stepped bond series 110 / 2009 - 2015 with 2.00 to 4.00 per cent interest allows investors for participating in a dynamic coupon. The bonds are moreover gilt-edged.
Contact person for the media: Bank Austria Press Office Austria
Thore Dohse, Tel. +43 (0) 50505 - 52809
The issue in detail:
|Stepped bond series 110 / 2009 – 2015 with 2.00 to 4.00 per cent interest|
|Sale:||as of 12th of October 2009, permanent issue|
|Volume:||EUR30m with possibility of increase|
|Denomination:||EUR100 (minimum investment: EUR2,500)|
|Term:|| 6 years|
|Coupon:|| 1st year 2.00 % p.a.|
2nd year 2.25 % p.a.
3rd year 2.50 % p.a.
4th year 2.75 % p.a.
5th year 3.50 % p.a.
6th year 4.00 % p.a
| Payment of interests:
||on 12th of October each year, for the first time on 12th of October 2010|
|Repayment:||on 12th of October 2015, at the nominal value|
|Stock exchange admission:||planned for the official market of the Vienna Stock Exchange|
back to the summary