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UniCredit Bank Austria AG successfully placed
€ 750 mn 2.375 % Öffentlicher Pfandbrief 2010–2015

Yesterday UniCredit Bank Austria AG issued a 5-year Öffentlicher Pfandbrief (public sector pfandbrief) with a coupon of 2.375 % and an issue size of € 750 m. The bond was priced with a re-offer price of 99.419 %, corresponding to a re-offer spread of 45 basis points over mid-swaps. The transaction was targeted at institutional investors and was 20 % oversubscribed on the opening day. The orderbook was highly diversified, with more than 90 single accounts. As expected, the transaction's success was largely attributable to investors from the German-speaking area, who accounted for almost 80 % of the order flow.

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 BayernLB, DZ BANK, Erste Bank, LBBW and UniCredit Bank AG 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 (geregelter Freiverkehr).

The Öffentlicher Pfandbrief 2010–2015 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 (98.8 %) or originated in Europe and guaranteed by the Republic of Austria (1.2 %).

For inquiries please contact: Bank Austria Pressestelle Österreich
   Matthias Raftl, Tel. +43 (0) 50505 - 52809
    E-Mail: matthias.raftl@unicreditgroup.at

Issue details:

Öffentlicher Pfandbrief 2010–2015 – € 750 m, 2.375 % issued by UniCredit Bank Austria AG

ISIN code: AT000B048574 / Vienna
Issuer: UniCredit Bank Austria AG
Lead Manager: BayernLB
Erste Bank
UniCredit Bank AG
Co-Lead: ING
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: 8 June 2010
Volume: EUR 750 million
Denomination: EUR 50,000 + EUR 1,000 increments
Term: 5 years (value date: 15 June 2010, maturity 15 June 2015)
Coupon: 2.375 %
Re-offer price: 99.419 %
Redemption: on 15 June 2015 at 100 %
Callable: No
Listing: Börse Wien, geregelter Freiverkehr
Governing law: Austria

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