Bank Austria’s new interest floater bond 2011-2013/3 offers attractive interest rate and security of capital
The 2-year floater bond with a short life and a variable interest rate is adjusted to the needs of company investments but is also suitable for private customers who are interested in short-term investments with an increasing interest rate. The interested rate will be adjusted to the 3-month EURIBOR plus 0.7 percent p.a.1) on a quarterly basis over the entire term of the bond. The bond 2011-2013/3 is denominated in units of EUR1,000. The minimum investment is EUR3,000.
With this bond, investors will be able to invest their money with an attractive variable interest rate for a reasonable period of time and will also be able to participate in a possible increase of the 3-month EURIBOR. If investors expect the 3-month EURIBOR interests to rise in the next two years, the interest floater bond will be the right investment.
Security of capital and interest
Interests on the interest floater bond will be paid on a quarterly basis on determined dates. The repayment of the interest floater bond at the nominal value of 100 percent will be made at the end of the term only according to issue conditions. Bank Austria is liable with its entire assets for the payment of interest and capital.
A premature sale will be possible for the bond's respective market price which is subject to market interest level, liquidity, the issuer's credit rating and the principles of supply and demand.
For further inquiries: Bank Austria Press Office Austria
Matthias Raftl, Tel. +43 (0) 50505 - 52809
Details of the issue:
Interest floater bond 2011-2013/3 by UniCredit Bankd Austria AG
Sale: as of February 28, 2011, continuous issue
Volume: EUR1,000 (minimum investment: EUR3,000)
Term: Two years (February 28, 2011 – February 27, 2013)
Value date: February 28, 2011
Interest rate: 3-month EURIBOR (according to Reuters site EURIBOR01) + 0.7 percent 1), quarterly adjusted
Interest payment: on May 28, August 28, November 28, February 28 of each year
Repayment: on February 28, 2013, at 100 percent
Listing: Third market on Vienna Stock Exchange planned
Kind of issue: This bond is a continuous bond which is excluded from the prospectus requirement according to § 3 (1) 3 Austrian Capital Market Act (KMG).
1) Based on the nominal value of 100 percent. Taxation: 25 percent Austrian capital yields tax (KESt) will be deducted from interest income (final taxation) of individual investors with unlimited tax liability in Austria and from interest income of specific corporate investors with limited tax liability in Austria. Additional 25 percent in KESt on realised value increase for purchase as of October 1, 2011. 25 percent corporation tax (KÖSt) will be deducted from interest income of corporate investors with unlimited tax liability in Austria. Please note that the tax treatment depends on an investor's personal circumstances and that information is provided on the basis of the current legal situation, which may be subject to change. We in particular draw attention to a draft of the Austrian Ancillary Budget Act 2011.
If the 3-month EURIBOR is negative (minus 0.7 percent or less) on the last day of the respective interest period, no interest payment is made in the following interest period for this floater bond.
This information is no investment management or recommendation. In particular, the information is no offer and no call for purchasing or selling the bond. The available information is primary information only and cannot replace any consultancy services based on the individual relations and know-how of the respective investor. Each capital investment bears a risk.
You will get further information on the interest floater bond 2011–2013/3 from your personal consultant. This information is no prospectus as defined by the Austrian Capital Market Act (KMG).
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