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Second mortgage bond from UniCredit Bank Austria with a volume of EUR 500 million oversubscribed two times

Bond generated high demand with 90 individual orders

The Hypothekenpfandbrief 2014/2019 – EUR 500 million, 1.25 % from UniCredit Bank Austria AG with a term of five and a half years and a coupon of 1.25 per cent was priced and placed today. The issue price was set at 99.933 per cent. This corresponds to a reoffer spread of 23 basis points over the mid-swap.

With exact 90 individual orders and a total order volume of EUR 1 billion, the issue was oversubscribed two times. 85 per cent of the total order volume came from banks (55 per cent) and funds (30 per cent), and the remainder from insurance companies (9 per cent) and central banks (6 per cent). As expected, the greatest demand came from Germany (54 per cent), geographically followed by Austria (12 per cent), Benelux countries (11 per cent), Nordics (10 per cent), Italy (6 per cent), Spain (3 per cent) and also Asia and Switzerland (each 2 per cent).

Francesco Giordano, Chief Financial Officer of Bank Austria: "We are very pleased that our second benchmark issue of mortgage bonds this year, has been well received. With this issue we are once more underlining our role as an important issuer within UniCredit – whereby the international emphasis of this placement was especially Benelux and Nordic countries."

The transaction was completed for Bank Austria by Bayern LB, DZ Bank, ING, Nykredit Markets and 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 2014/2019 will be rated Aa1 by Moody's. On 7 April Moody's confirmed Rating Aa1 for Bank Austria mortgage bonds.

Details on the bond issue:

Public covered bond issue 2014/2019 – EUR 500 million, 1.25 % from UniCredit Bank Austria AG

ISIN: AT000B049481
Issuer: UniCredit Bank Austria AG
Lead Manager: BayernLB
DZ Bank AG
Nykredit Markets
UniCredit Bank AG (technischer Lead)
Documentation: Mortgage bond
Issue rating: Aa1 from Moody’s (expected)
Status: Senior secured, pari passu
Sale, pricing: 7 April 2014
Volume: EUR 500 million
Denomination: EUR 100,000 Euro
Term: 5.5 years (value date: 14 April 2014; maturity date: 14 October 2019)
Coupon: 1.25 %
Issue price: 99.933 %
Redemption: on 14 October 2019 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