VBAG Redeems Bonds

Professional ServicesBanks ♦ Published: September 14, 2012; 21:51 ♦ (Vindobona)

The partly nationalized Austrian bank has repaid bonds guaranteed by the Austrian state.

VBAG Redeems Bonds / Picture: © Wikipedia / MrPanyGoff

In 2009, VBAG has issued three bonds totaling € 1.0bn each. The bonds were guaranteed by the Austrian state. The terms are two, three and four years. The first one was repaid in February. Now, VBAG repaid the second tranche. The third one expires in March 2013. Until now, the commission fees of the Austrian state came at € 101.5m. After the repayment of the third tranche, the…