VBAG to Repurchase Hybrid Capital

Business › n.a. ♦ Published: June 14, 2012; 13:42 ♦ (Vindobona)

Austrian VBAG is inviting holders of the Notes to offer to sell any and all of their Notes to ÖVAG for cash.

VBAG to Repurchase Hybrid Capital / Picture: © Österreichische Volksbanken-AG (ÖVAG)

As at today's date, voting instructions received in favour of the Proposals set out in the invitation memorandum dated 22 May 2012 approximately account for 86.4 per cent. Of outstanding liquidation preference of holders of the € 250m securities issued by VBAG Finance Jersey Ltd.

VBAG and Investkredit have decided not to proceed with the Scheme and will instead invite holders…

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