New fixed-income home-building bond from Bank Austria Wohnbaubank AG

Bank Austria Wohnbaubank AG is issuing a new fixed-income home-building bond. The WohnbauAnleihe 2011 - 2024/1 with stepped interest of 2.87% - 4.50% has a term of 13 years. This tap issue is denominated in units of EUR 100 with the recommended minimum investment being EUR 1,000.

An investment in home-building bonds is eligible for tax breaks. For private investors the interest from home-building bonds is exempt from capital gains tax up to 4 percent per year. There is no limit to the amount that can be purchased and there is no back taxation upon sale. These benefits result in higher net earnings in comparison to bonds that are subject to full taxation.

Home-building bonds are taxed at source; this means that they are exempt from income tax.

Enquiries: Bank Austria Press Office Austria
Tiemon Kiesenhofer, Tel. +43 (0)5 05 05 Ext. 56036;
E-Mail: tiemon.kiesenhofer@unicreditgroup.at

Details about the issue:

WohnbauAnleihe 2011 – 2024/1 with stepped interest of 2.87% - 4.50%

ISIN:    AT000B074323
Purchase:   from 3 January 2011
Issue volume:   up to EUR 50 million, can be increased
Term:   13 years
Coupon:    average of 3.51% p.a. if bond is held to end of term 
Years 1-3: 2.875% p.a.     Years 8-9:   3.625% p.a.
Years 4-5: 3.125% p.a.   Years 10-11: 3.875% p.a.
Years 6-7: 3.375% p.a.    Years 12-13: 4.500% p.a.
Coupon payments:   on 5 January of every year, for the first time on 5 January 2012
First issue price     100.50%
Redemption:   on 5 January 2024 at the nominal value
Early redemption:   not possible
Denomination:    EUR 100 (minimum investment EUR 1,000)

A prospectus was published in accordance with §7 KMG on 30 December 2010 and is available free of charge at the seat of Bank Austria Wohnbaubank AG, Lassallestraße 1, A-1020 Vienna.

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