Hypo Group Redeems Loan

Politics ♦ Published: March 17, 2014; 20:19 ♦ (Vindobona)

Even though the Austrian nationalized Hypo Group urgently needs state aids to get by bondholders will be compensated for their investments.

The payment of the loan will strain the financial situation of the ailing bank even more. / Picture: © Vindobona.org

The Austrian problem bank has paid back a loan worth € 750m. As announced by the bank, the paper was redeemed on Monday, according to a spokesman. The planned repayment was the focus of investors in the light of the capital crunch which is menacing once again. The former affiliate of German bank BayernLB requires a new capital injection due to never-ending losses. However, it is not…