Sponsored Content
Bank Austria: Bond Issue Significantly Oversubscribed
This week, Bank Austria issued a 7-year covered bond with a volume of € 500m.
Bank Austria: Bond Issue Significantly Oversubscribed / Picture: © Uni Credit Group Bank Austria
The 7-year covered bond 2012/2019 (€ 500m, 2.625%) of UniCredit Bank Austria AG with a coupon of 2.625% was priced this week. The reoffer price was set at 99.465%, equivalent to a reoffer spread of 88bps over midswap.
The issue was oversubscribed by a factor of two, with almost 100 individual orders and a total order volume of over € 1.0bn. Almost 80% of the total order…
or Log In
Fast News Search