New series of stepped coupon mortgage bonds with interest rates rising to 3.5 per cent
Bank Austria is now offering security-oriented investors a new series of mortgage bonds with rising interest rates: The new series of stepped coupon mortgage bonds, 3,00 %–3,50 % Stufenzinspfandbrief-Reihe 109 / 2009–2015, has a term of six years and a denomination of EUR 100, with a minimum investment of EUR 2,500. The interest rate increases from 3.00 per cent to 3.50 per cent during the term; the average coupon is 3.188 per cent.
The mortgage bond series 3,00 %–3,50 % Stufenzinspfandbrief-Reihe 109 / 2009–2015 offers investors the chance to earn a dynamic coupon. In addition, it is eligible for trusts.
Bank Austria Press Office Austria
Alexander Tröbinger, Tel. +43 (0)5 05 05 ext. 52809
Details about the Issue
3,00 %–3,50 % Stufenzinspfandbrief-Reihe 109 / 2009–2015
Sale: from 20 March 2009, continuous issue
Volume: EUR 30 million with the option of issuing additional tranches
Denomination: EUR 100 (minimum investment: EUR 2,500)
Term: 6 years
Coupon: 1st and 2nd years 3.00% p.a.
3rd year 3.125% p.a.
4th year 3.25% p.a.
5th year 3.25% p.a.
6th year 3.50% p.a.
Average coupon of 3.188%
Interest payout: on 23 March of each year, for the first time on 23 March 2010
Redemption: on 23 March 2015 at the nominal value
Early redemption: not possible
Listing: scheduled to be admitted to the official market of Wiener Börse