First mortgage bond from UniCredit Bank Austria with a volume of EUR 500 million oversubscribed three times
Bond generated high demand with over 100 individual orders

The Hypothekenpfandbrief 2013/2018 – 500 Millionen Euro, 1.25 % mortgage bond from UniCredit Bank Austria AG with a term of five years and a coupon of 1.25 per cent was priced and placed today. The issue price was set at 99.39 per cent. This corresponds to a reoffer spread of 26 basis points over the mid-swap.

With over 100 individual orders and a total order volume in excess of EUR 1.6 billion, the issue was oversubscribed more than three fold. Over 80 per cent of the total order volume came from funds (48 per cent) and banks (35 per cent), and the remainder from central banks (10 per cent) and insurance companies (7 per cent). As expected, the greatest demand came from Germany (63 per cent), followed by Austria (15 per cent), the Benelux countries (6 per cent), France (5 per cent), Switzerland (4 per cent), Italy (3 per cent) and Great Britain and CEE (2 per cent each).

Francesco Giordano, Chief Financial Officer of Bank Austria: “We are very pleased that our first benchmark issue of mortgage bonds has been well received, after the rating recently assigned to the cover pool of our mortgage bonds. With this new issue we are once more underlining our role as an international issuer within UniCredit Group. This is Bank Austria’s second issue this year, following the Senior Unsecured Bond issued in January and increased in May, and it also continues the successful series of public sector covered bonds which have been issued since 2010.”

The transaction was completed for Bank Austria by BNP Paribas, HSBC, ING, Nord/LB und UniCredit Bank as joint book runners. The issue will be listed on the second market of the Vienna Stock Exchange.

It is expected that this Hypothekenpfandbrief 2013/2018 mortgage bond from UniCredit Bank Austria will be rated Aa1 by Moody’s, thereby meeting nearly the highest security criteria.

Enquiries: Bank Austria Media Relations
Martin Kammerer, Tel. +43 (0) 50505 - 52803
E-mail: martin.kammerer@unicreditgroup.at

Details on the bond issue:

Hypothekenpfandbrief 2013/2018 – 500 Millionen Euro, 1.25 % from UniCredit Bank Austria AG

ISIN: AT000B049390
Issuer: UniCredit Bank Austria AG
Lead managers: BNP Paribas
UniCredit Bank AG (technical lead)
Documentation: Mortgage bond
Issue rating: Aa1 from Moody’s (expected)
Status: Senior secured, pari passu
Sale, pricing: 30 July 2013
Volume: EUR 500 million
Denomination: EUR 100,000
Term: 5 years (value date: 30 July 2013; maturity date: 30 July 2018)
Coupon: 1.25%
Issue price: 99.39%
Redemption: On 30 July 2018 at 100%
Cancellation: Not possible
Listing: Vienna Stock Exchange, second market
Applicable law: Austrian law