Bank Austria as Joint-Lead Manager for STRABAG bond

EUR 175 million successfully placed on the market, demand mostly from private Austrian investors, bond clearly oversubscribed

The STRABAG corporate bond with a volume of EUR 175 million was significantly and quickly oversubscribed. The order volume came to EUR 220 million, signalling that the issue was popular above all with private investors who made up approximately 54 percent of the orders. 39 percent of the orders came from banks and a further 7 percent from insurance companies. Geographically speaking the majority of the demand stemmed from STRABAG's core markets: Austria (71 percent) and Germany (25 percent). The price of the bond was set at 101.04 percent of the issue price. The low denomination of EUR 1,000 and the attractive rate of interest (4.75 percent) over a period of seven years ensured the bond was an appealing investment for private investors in particular.

Helmut Bernkopf, Bank Austria director of Corporate & Investment Banking: "STRABAG has issued its ninth and largest bond to date, thus taking another step on its long-term issue strategy to improve its financing structure. The successful issues confirm the trust of investors in this stable and well-positioned company. I am delighted that we have been able to support this bond as joint-lead manager with our expertise on the capital market. The market demonstrates that corporate bonds are still very popular."

With roughly 73,600 employees STRABAG is one of Europe's leading construction companies. Apart from its core markets of Austria and Germany, STRABAG has subsidiaries in all countries of Eastern and South-eastern Europe, in selected countries of Western Europe and on the Arabian Peninsula. In this context STRABAG offers a full range of services and the entire supply chain for construction.

Enquiries: Bank Austria Press Office Austria
Julia Wegenstein, Tel. +43 (0) 50505 - 52854
E-Mail: julia.wegenstein@unicreditgroup.at

Details about the issue:

Volume: EUR 175,000,000
Denomination: EUR 1,000 nominal amount
Coupon: 4.75% p.a.
Term:  25 May 2011 up to and including 24 May 2018
Issue price: EUR 101.04 (including a sales charge of 1.5% of the nominal amount)
Subscription period: 19 to 23 May 2011
Value date: 25 May 2011
Repayment:  on 25 May 2018 at 100%
Joint-Lead Managers: UniCredit Bank Austria AG,
 Raiffeisen Bank International AG,
 Erste Group Bank AG
Stock exchange listing: Vienna Stock Exchange, second regulated market
Applicable law:  Austrian law

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