State Aid: VBAG Redeems € 1.0bn

Businessn.a. ♦ Published: February 13, 2012; 16:11 ♦ (Vindobona)

The Austrian VBAG repays a third of the state aid granted in 2009.

State Aid: VBAG Redeems € 1.0bn / Picture: © Wikipedia / MrPanyGoff

VBAG redeems a guaranteed bond to the Austrian state. The bond had its due date on Februar 9 2012. In total, the Austrian state received € 29.1m as guarantee provision. Interest was not paid, as VBAG did not record profits.

In 2009, VBAG issued three bonds with a volume of € 1.0bn each. The two other bonds have their maturity in September 2012 and February 2013.