Public covered bond issue from UniCredit Bank Austria with a volume of EUR 500 million oversubscribed more than two and a half times
Bond generated high demand with approximately 100 individual orders

The public covered bond issue 2013/2020 – EUR 500 million, 1.875 % from UniCredit Bank Austria AG with a term of seven years and a coupon of 1.875 per cent was priced and placed today. The issue price was set at 99.727 per cent. This corresponds to a reoffer spread of 25 basis points over the mid-swap.

With approximately 100 individual orders and a total order volume in excess of EUR 1.3 billion, the issue was oversubscribed more than two and a half times. Nearly 80 per cent of the total order volume came from banks (43 per cent) and funds (36 per cent), and the remainder from insurance companies (10 per cent), central banks (9 per cent) and corporates (2 per cent). As expected, the greatest demand came from Germany (48 per cent), followed by Austria (20 per cent). The bond issue also attracted wide international interest from Nordics (7 per cent), Asia (6 per cent), France (6 per cent), Italy (5 per cent), Great Britain (4 per cent) and also Benelux and Spain (each 2 per cent).

Francesco Giordano, Chief Financial Officer of Bank Austria: "We are blown away by the tremendous demand for our new public covered bond issue, which has a Aaa rating – the best rating from Moody's – and top-quality collateral. It once again shows that investors very much appreciate our public cover pool, which is made up entirely of cover assets from Austria. This issue represents our third benchmark this year – following our senior unsecured bond that was issued in January and increased in May as well as our debut mortgage bond issue in July, which was also increased in September."

The transaction was completed for Bank Austria by Danske Bank, J. P. Morgan, LBBW, Natixis 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 public covered bond issue 2013/2020 – EUR 500 million from UniCredit Bank Austria will be rated Aaa by Moody's, thereby meeting nearly the highest security criteria.

Details on the bond issue:

Public covered bond issue 2013/2020 – EUR 500 million, 1.875 % from UniCredit Bank Austria AG

ISIN: AT000B049408
Issuer: UniCredit Bank Austria AG
Lead managers: Danske Bank
J.P. Morgan
UniCredit Bank AG (technical lead)
Documentation: Public covered bond issue
Issue rating: Aaa from Moody’s (expected)
Status: Senior secured, pari passu
Sale, pricing: 22 October 2013
Volume: EUR 500 million
Denomination: EUR 100,000 Euro
Term: 7 years (value date: 29 October 2013; maturity date: 29 October 2020)
Coupon: 1.875 %
Issue price: 99.727 %
Redemption: on 29 October 2020 at 100 %
Cancellation: Not possible
Listing: Vienna Stock Exchange, second market
Applicable law: Austrian law

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