Bank Austria Places € 500m Bond

Businessn.a. ♦ Published: January 24, 2013; 22:00 ♦ (Vindobona)

Bank Austria today issued a five-year bond with a volume of EUR 500 million. This was the first euro-denominated senior unsecured benchmark bond from the bank in over seven years, and the first benchmark bond issued this year.

Bank Austria Places € 500m Bond / Picture: © Uni Credit Group Bank Austria

The "Senior Unsecured Benchmark-Anleihe 2013/2018 – 500 Millionen Euro, 2.625 %" bond from UniCredit Bank Austria AG with a term of five years and a coupon of 2.625 per cent was priced this afternoon. The issue price was set at 99.958 per cent, which corresponds to a re-offer spread of 163 basis points over mid-swap.

With around 200 individual orders and a total order…