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23.09.2010

UniCredit Bank Austria AG successfully placed € 500 mn 1.875 % Öffentlicher Pfandbrief 2010–2015

UniCredit Bank Austria AG issued on 16 September a 3-year Öffentlicher Pfandbrief (public sector pfandbrief) with a coupon of 1.875 % and an issue size of € 500 m. The bond was priced with a re-offer price of 99.896 %, corresponding to a re-offer spread of 28 basis points over mid-swaps. The transaction was targeted at institutional investors and was 40 % oversubscribed on the opening day. As 54 per cent of the investors came from the German-speaking area, 21 per cent from France, 11 per cent from the Benelux countries and another 10 per cent from CEE, they were geographically broadly diversified once again.

In strategic terms, the purpose of this Öffentlicher Pfandbrief is to further diversify Bank Austria’s funding programm and making use of the prime collateral pool. The transaction was managed by BNP Paribas, ING, LBBW, UniCredit Bank and West LB as Joint Bookrunners on behalf of Bank Austria. The issue will be listed on the Vienna Stock Exchange for trading in the semi-official market.

The Öffentlicher Pfandbrief 2010–2013 of UniCredit Bank Austria has an Aaa issue rating from Moody’s and thereby meets the highest safety criteria in a very volatile market environment. All cover pool assets are either originated in Austria (99 %) or originated in Europe and guaranteed by the Republic of Austria (1%).
 
Issue details:

Öffentlicher Pfandbrief 2010–2013 – € 500 m, 1.875 % issued by UniCredit Bank Austria AG

ISIN code: AT000B048871
WKN: A1A1FJ
Issuer: UniCredit Bank Austria AG
Lead Manager: 
BNP Paribas
ING
LBBW
UniCredit Bank AG
West LB
Documentation:  Öffentlicher Pfandbrief (part of Bank Austria’s EMTN programme)
Issue rating: Aaa by Moody’s
Status of the Notes:  Senior secured, pari passu
Launch and pricing: 16 September 2010
Volume: EUR 500 million
Denomination: EUR 50,000 + EUR 1,000 increments
Term:  3 years (value date: 27 September 2010, maturity 27 September 2013)
Coupon: 1.875 %
Re-offer price: 99.896 %
Redemption:  on 27 September 2013 at 100 %
Callable:  No
Listing: Börse Wien, semi-official market
Governing law:  Austria


Inquiries: Bank Austria Media Relations & Executive Communications
Tiemon Kiesenhofer, Phone +43 (0)50505 – 52819
E-Mail: tiemon.kiesenhofer@unicreditgroup.at

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