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New WohnbauAnleihe bond of Bank Austria Wohnbaubank

  • Convertible bond carrying 1.125 per cent fixed interest rate

Bank Austria Wohnbaubank has launched its new WohnbauAnleihe bond carrying 1.125 per cent fixed interest rate for security-oriented investors. The issue is based on the Trust Agreement with Bank Austria, which is financially responsible for interest payment and repayment at the end of the term.

The new "1.125 Prozent fix verzinste Wandelschuldverschreibung 2016-2027/3" has a term of 11 years. The interest rate is going to be paid for the first time in October 2017.

The WohnbauAnleihe bond is denominated in units of EUR 100 with a minimum investment of EUR 1000. Capital will be repaid at 100 per cent of the nominal value at the end of the term, provided that a bondholder has not converted the bond held by him/her.

An investment in WohnbauAnleihe bonds offers tax benefits
For Austrian private investors, interest earned on WohnbauAnleihe bonds is not subject to Austrian capital yields tax (Kapitalertragsteuer – KESt) up to an amount of 4 per cent annually. These favourable conditions result in a higher net return compared with fully taxable bonds. Capital gains on a sale or redemption are taxed at 27.5 per cent. In addition, WohnbauAnleihe bonds are covered by final taxation; in other words, interest income from them is not subject to income tax.

If investors require their money before maturity, the convertible bonds can be sold at the prevailing market price. However, it should be noted that the WohnbauAnleihe bonds are subject to price fluctuations during their term. If the investment is not held until the end of the term, the investor may recover less than the nominal value.

Entrepreneurs and independent professionals benefit from the tax allowance for business profits
WohnbauAnleihe bonds are qualifying for the investment-based tax allowance for business profits. While business investors cannot take advantage of the capital yields tax benefit, the legal provisions mean that additional funding will be available for housing construction.

Details on the bond issue:

"1.125 Prozent Wandelschuldverschreibungen 2016–2027/3"

Issuer: Bank Austria Wohnbaubank AG
Trustor: UniCredit Bank Austria AG
First value date: 28 October 2016, thereafter plus accrued interest
ISIN: AT000B126347
Term: 11 years, 28 October 2016 – 27 October 2027
(based on the nominal value of 100%):
1.125% p.a. (Exempt from Austrian capital yields tax on presentation of a declaration of personal assets.)
Interest payments:

Due and payable on 28 October of each year, for the first time on 28 October 2017.

Repayment/redemption: On 28 October 2027 at the nominal value, provided that the investor has not converted the bonds held by him/her.
Nominal value of EUR 100 (minimum investment: EUR 1000)
Issue price: Your account manager will be able to provide you with information on the current issue price. The initial issue price was set at 100 per cent. An additional 1.2 per cent issue surcharge will be settled.
Conversion right: Convertible bonds with a nominal value of EUR 1000 may be converted into 1 bearer participation certificate of the issuer. This corresponds to a nominal conversion ratio of 10:1.
Conversion dates: Annually on 1 January, for the first time on 1 January 2018.
Ordinary Cancellation: Not possible


  • The interest for Austrian private investors is exempt from the Austrian capitals yields tax.
  • In case of an operative assessment the interest underlies the 27.5 per cent Austrian capital yields tax.
  • Capital gains on a sale underlie the 27.25 per cent Austrian capital yields tax.
  • The purchase of WohnbauAnleihen qualifies for the investment-based tax allowance for business profits.
  • For natural persons, who are limited tax-liable in Austria, all interest is taxed with 27.5 percent Austrian capital yields tax. Private investors as well as natural persons residing in a country with automatic exchange of information are excluded. If necessary, the residence will have to be proven with a residence certificate.
  • The interest earnings of this bond will be reported after 1 January 2017 in accordance with the Common Reporting Standard law regarding all investors residing in a country, which has agreed on automatic exchange of information with Austria.

Please note that the tax treatment depends on the investor’s personal circumstances, and that the tax advantages described may cease to apply in whole or in part as a result of future changes in the relevant laws. 



This information regarding the above WohnbauAnleihe bond is intended solely for informational purposes and does not represent investment advice or an investment or product recommendation. Neither is it an offer or invitation to buy or sell the bond described herein, or a solicitation to make such an offer. It is intended solely as introductory information and is not a substitute for advice provided on the basis of the investor’s individual circumstances and knowledge. Every capital investment involves risks, and the value of the bond can fluctuate during its term. The WohnbauAnleihe bond will be redeemed at the nominal value on the redemption date according to the terms and conditions of the bond. The bond may be sold before maturity at the prevailing market price. The prevailing market price may be lower than the issue price, which means that the investor may fail to recover the full invested amount.

This press release is not a prospectus as defined by the Austrian Capital Market Act (Kapitalmarktgesetz – KMG). This WohnbauAnleihe bond is issued under a basis prospectus dated April 8th 2016 as well as supplements of the prospectus dated August 25th and October 7th 2016 which were published in accordance with the KMG. The prospectus is available free of charge and with the current terms at the registered office of Bank Austria Wohnbaubank AG, Lassallestrasse 1, A-1020 Vienna, and can also be obtained at any branch of UniCredit Bank Austria AG. An electronic version is available on the Internet at http://wohnbaubank.bankaustria.at


Enquiries: UniCredit Bank Austria Pressestelle
Matthias Raftl, Tel. +43 (0)5 05 05-52809
E-Mail: matthias.raftl@unicreditgroup.at