24You

The new online banking of Bank Austria.

OnlineBanking & BusinessNet

The familiar online banking for private customers and companies.

13.04.2010

Bank Austria Wohnbaubank maintains its market leadership in the difficult financial year of 2009

  • Bank Austria Wohnbaubank maintains its market leadership with a total issue volume of more than EUR 4.6bn
  • The 2009 balance sheet total amounted to around EUR 4.35bn, the operating result was about EUR 4.5m.
  • For the first time Wohnbaubank AG has issued a funded housing bond with fixed interest rates in cooperation with the City of Vienna: The 3.00 % housing bond 2010–2020/3 has a term of slightly more than ten years.

With a total issue volume of more than EUR 4.6bn, i.e. around one third of all housing bonds issued since 1994, Bank Austria Wohnbaubank also maintains its market leadership among housing banks in the difficult business year of 2009.

Bank Austria Wohnbaubank AG, founded in 1994, is a special bank which exclusively focuses on issuing tax-linked housing bonds and finished the financial year of 2009 with a satisfactory result despite market conditions which were still difficult.

The volume of housing bonds issued in 2009 amounted to EUR 147m and thus was below expectations; in total, however, the entire volume of issues in circulation was maintained at EUR 4.22bn. Based on corresponding demand, only housing bonds with fixed interest rates were issued in 2009.

The proceeds of issues, passed on by Bank Austria Wohnbaubank in the form of dedicatory deposits, led to an investment volume of meanwhile EUR 7.1bn. The construction or refurbishment of 97,000 residential units has thus been co-financed since Bank Austria Wohnbaubank was founded.

The 2009 balance sheet total amounted to around EUR 4.35bn and thus was almost unchanged over one year earlier. The operating result was about EUR 4.5m.

First funded housing bond of Bank Austria Wohnbaubank AG

In cooperation with the City of Vienna, Bank Austria Wohnbaubank AG has issued a funded housing bond with fixed interest rates for the first time. The 3.00 % housing bond 2010–2020/3 has a term of slightly more than ten years. The denomination of the permanent issue is EUR 100; the recommended minimum subscription is EUR 1,000. The funded housing bond is secured with a reserve pool in which bonds issued by the City of Vienna are included. The bond is thus suitable for investing money held in trust.

The investment in the funded housing bond is tax-linked. For private investors, interests from housing bonds up to an extent of 4 per cent are capital gain tax-free. There is no limit in terms of amount when buying such bonds and no supplementary taxation will be necessary when selling the bond. This advantage results in a higher net yield compared with bonds which are fully taxable.

Housing bonds are end taxed which means they are income tax-exempt. Private investors can claim their expenditure for the first time purchase of the bonds as allowable expenses within the framework of the limits provided by law. Holding the bond for a minimum of ten years is required in that case. The net yield thus also depends on the respective income among other things. 
 
Current issues of Bank Austria Wohnbaubank AG in detail:

3.00 % funded housing bond 2010–2020/3
ISIN:  AT000B074307
Issue volume:  up to EUR50m with possibility to increase
Term:  10 years
Coupon:  3.00 % p.a. (capital gain tax-exempt)
Coupon payments:  30th June each year,
  For the first time on 30th June 2011
Issue price:  101.40 % as of 8th April 2010
Repayment:  30th June 2020 at nominal value
Termination:  excluded
Denomination:  EUR 100 (minimum subscription EUR 1,000)

A prospectus according to § 7 of the Austrian Capital Market Act was published on 27th February and is provided for free at Bank Austria Wohnbaubank AG’s headquarters, Lassallestraße 1, 1020 Vienna.

3.50 % housing bond 2010–2022/1
ISIN:  AT000B074281
Issue volume:  up to EUR 50m with possibility to increase
Term:  12 years
Coupon:  3.50 % p.a. (capital gain tax-exempt)
Coupon payments:  21st January each year,
  for the first time on 21st January 2011
Issue price:  101.90 % as of 8th April 2010
Repayment:  21st January 2022 at nominal value
Termination:  excluded
Denomination:  EUR 100 (minimum subscription EUR 1,000)

A prospectus according to § 7 of the Austrian Capital Market Act was published on 19th January and is provided for free at Bank Austria Wohnbaubank AG’s headquarters, Lassallestraße 1, 1020 Vienna.

For further inquiries: Bank Austria Press Office Austria
Matthias Raftl, Tel. +43 (0)5 05 05 / 52809;
E-Mail: matthias.raftl@unicreditgroup.at