Bank Austria Generates Fresh Capital

People ♦ Published: January 14, 2014; 12:20 ♦ (Vindobona)

On Monday, January 13, UniCredit Bank Austria issued its first mortgage bond for 2014 to strengthen its capital base.

Bank Austria Generates Fresh Capital / Picture: © Uni Credit Group Bank Austria

The mortgage bond in the amount of € 500m of UniCredit Bank Austria has a maturity of ten years and a coupon of 2.375 percent. The bond was placed on Moday, January 13. The offering price was set at 99.272 percent which equals a reoffer spread of 35 basis points over the mid-swap rate.

The issue was clearly oversubscribed, with with 80 individual orders and a targeted order…