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Bond Market
Austrian Banks Hold € 18bn in Foreign Sovereign Bonds
At the end of October 2011, the exposure of Austrian banks in foreign sovereign bonds was € 18.1bn. The largest volumes are invested in Poland and Italy.
January 19, 2012
Government to Sharpen Austerity Measures
After the downgrade of Austrian sovereign bonds from „AAA“ to „AA+“ by S&P, the Austrian government aims to reach its austerity targets earlier.
January 17, 2012
Immofinanz Repays € 77.6m in Convertible Bonds
The Austrian real estate group announces the end of the put period for premature redemption of the 2014 convertible bond.
January 11, 2012
Wienerberger to Raise Bond Issue to € 200m
The subscription period for Wienerberger´s corporate bond runs from January 13.
January 11, 2012
Slow Growth in CEE Expected
According to Raiffeisen Research, real GDP in CEE to grow by 2.0 per cent in 2012, while Austria set to post GDP decline of 0.5 per cent.
January 11, 2012
Wienerberger Issues Corporate Bond
The Austrian brick producer will issue bonds of at least € 50m in order to refinance liabilities.
January 10, 2012
Hungarian Crisis: BIS Warns Austria Insistently
A collapse of the Hungarian economy would hit Austria very hard, says the Bank for International Settlements (BIS). Austrian Banks have a high exposure.
January 9, 2012
Austrian Balance of Current Accounts Positive
In the first three quarters of 2011, the Austrian economy achieved a strong performance. The balance of current accounts was significantly positive.
January 9, 2012
S&P: Negative Outlook for Austria
The rating agency Standard & Poor´s gives a negative outlook to all triple-A countries in the EU.
December 6, 2011
Rising Finance Requirements for Austria
In 2012, the Austrian state has to take on significantly more debt than this year. The issued bond volume will grow by 30%.
December 3, 2011
Austria to Issue More Bonds in 2012
Total issue volume will be € 27-30bn. At the end of November, Austria’s bond debt stood at € 162.9bn
December 2, 2011
Austria to Participate in Merkel´s Bond Plans?
According to the German Prime Minister Angela Merkel, triple-A countries should issue common “elite bonds”. Austria should take part.
November 28, 2011
Voestalpine Broadens Measures to Safeguard Liquidity
The Austrian steel company has agreed on a syndicated loan of € 800m in two tranches in order to safeguard medium and long-term financing.
November 24, 2011
AT&S Places € 100m Corporate Bond
The Austrian technology company will use the proceeds for general strategic objectives and for improving the quality of its funding portfolio.
November 10, 2011
Felderer: “Austria’s Triple-A at Risk”
The head of the IHS warns against a spillover of the Italian crisis and calls for a national debt brake.
November 9, 2011
Austrian Households Control Assets worth € 471bn
Despite a declining savings rate, households remain the most important provider of capital to domestic banks.
November 3, 2011
Uniqa Expects Loss of € 300m
The Austrian insurance group is writing down all of its Greek government bonds at fair value in the third quarter and will therefore not break even in profit on ordinary activities as originally anticipated.
November 3, 2011
Losses for Kommunalkredit Probable
The nationalized Austrian Bank has to build major provisions. Write-offs up to € 500m are possible.
November 1, 2011
Greek Haircut Would Cost Another € 350m
Austrian banks still have a substantial exposure in Greece. A haircut up to 60% seems possible. Then, another € 350m would have to be written off.
October 18, 2011
Immofinanz: Convertible Bond Raises Equity Base
After the expiration of a convertible bond, the Austrian real estate company anticipates a substantial rise in equity.
October 8, 2011
OMV Issues Eurobond
The Austrian oil and gas corporation OMV has further extended its average maturity of debt by issuing a Eurobond with a volume of € 500m, a maturity of 10 years and a coupon of 4.25%.
October 5, 2011
Major Bond Issue at EVN
On October 3, 2011, the management board of EVN set the parameters for the issuance of a bond.
October 3, 2011
Immofinanz 2011 Convertible Bond Conversion Period Ends October 6
The Austrian real estate company Immofinanz informs, that the conversion of the convertible bonds 2011 is possible only until 06 October 2011 at 4.00 pm (CET).
September 13, 2011
FMA: Negative Performance of Austrian Pension Funds
The Financial Market Authority (FMA) reports a negative performance of Austrian pension funds for 2011: total return amounted to -1.2% for the first six months.
September 13, 2011
Novomatic Abandons IPO Plans
The Austrian gaming machine manufacturer is considering placing a bond in order to raise capital for global growth.
September 8, 2011
Greek Bonds Burden Kommunalkredit’s Results
The state-owned Austrian bank reported a significant decline in profits due to a write-off of Greek government bonds.
August 8, 2011
Trend towards More Bonds in Corporate Financing
Companies will increasingly rely on the capital market as bank loans are becoming more expensive due to Basel III and stricter liquidity requirements.
August 3, 2011
Fitch Confirms Austria’s Triple-A Rating
The U.S. rating agency confirmed the Republic of Austria’s AAA credit rating. The outlook remains “stable”.
July 25, 2011
Moody’s Gives Negative Outlook for Carinthia
Austria’s southernmost province received a negative outlook due to an increasing budget deficit, high debt and credit guarantees for Hypo Alpe Adria.
July 1, 2011
Erste Group Manages Bond Issue of Czech Railways
The order book grew in only one hour to € 400m from 60 institutional investors. Approximately 75% have been subscribed by investors from Germany, the Czech Republic and Austria.
June 21, 2011
Wienerberger Plans New Bond Issue
The Austrian brick producer plans to issue a bond with a volume of € 100m and a seven-year term. Proceeds will be used for refinancing of liabilities and general corporate financing.
June 16, 2011
Alpine Issues Corporate Bond
The volume will be € 75m with the possibility of an increase. The funds will be used for general corporate purposes and an optimization of the financial structure.
May 31, 2011
Strabag Issues € 175m Corporate Bond
The bond has a term to maturity of seven years and a coupon of 4.75%. Proceeds will be used for general business purposes and the improvement of the financing structure.
May 18, 2011
RBI Joint Bookrunner for € 1.75bn Bond
The bond, which is issued by Banca Monte dei Paschi di Siena, is the second largest EUR-denominated senior unsecured issue by an Italian bank in 2011
May 10, 2011
Warimpex to launch a Private Placement of Convertible Bonds
The Austrian real estate company intends to issue convertible bonds amounting to € 29.73m at the Warsaw Stock Exchange in order to "enhance financial flexibility".
April 20, 2011
Erste Group Manages € 1.00bn increase of Slovak sovereign bonds
Total orders at approximately € 1.4bn from almost 80 investors . Approx. 80% have been subscribed internationally, mostly from Czech, Germany, Austrian, Benelux and Asian investors
April 18, 2011
Volume of Bank Austria Wohnbaubank Bonds Remained Stable
Bank Austria could hold its dominant position in the Austrian residential construction bonds market in 2010.
April 5, 2011
Immofinanz: Bookbuilding for the New Convertible Issue Starts
The Austrian real estate company Immofinanz AG announced its intention to issue new convertible bonds due 2018.
March 4, 2011
Intercell Issues Convertible Bond
The Austrian pharmaceutical company Intercell starts offering of € 30.8m senior convertible debt financing.
February 23, 2011
Erste Group manages € 1.25bn increase of Slovak Bonds
Strong interest for the Slovak sovereign bonds offering: total orders amounted to € 1.9bn from over 100 investors.
February 19, 2011
voestalpine Successfully Places Bond Issue
The Austrian steel company has closed its corporate bond issue. Proceeds are € 500m, the coupon is given by 4.75%.
January 26, 2011
Atrium Repays Convertible Bond to Meinl
The American-Israeli real estate fund Atrium repays the 10.75% 2008 convertible bond to the Austrian Meinl Bank.
January 25, 2011
Austria's AAA Credit Rating Confirmed
The U.S. rating agency Moody's confirms the Republic of Austria’s Triple-A rating. The outlook remains "stable".
January 21, 2011
Pröll is Against the Extension of the Euro Shield
The Austrian Finance Minister, Josef Pröll (ÖVP), called for stricter budget discipline and pronounces himself against a more extensive rescue shield
January 20, 2011
ATX Forecast 2011: High Yields, High Volatility
RLB Niederösterreich-Wien predicts a very good year for security investments and expects double-digit yields.
December 29, 2010
Good Prospects for the Vienna Stock Exchange
According to the analysts, the upward trend due to good economic data and corporate earnings on the Vienna Stock Exchange will continue.
December 22, 2010
Extensive Refinancing Needs by Austrian Banks
Due to the maturity of large loan volumes, Austria's banks will need at least € 20bn next year.
December 14, 2010
Austria Benefits from Low Loan Interest Rates
Because of low interest rates and spreads, Austria is able to get convenient financing on the loan market. Euro-bonds would mean significant costs for Austria.
December 13, 2010
Nowotny Pleads for Euro-Bonds
The governor of the Austrian National Bank, Ewald Nowotny, is for the introduction of euro-bonds. Germany’s resistance is pre-programmed.
December 6, 2010
OMV Plans to Expand Further in Turkey
The Austrian oil and gas group is still assessing the best form of financing Petrol Ofisi. Further projects in Turkey are being evaluated.
November 22, 2010
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