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Funding

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

Androsch „Another Three to Four Billions for Hypo Group“

The former Minister of Finance, Hannes Androsch fears a loss of Austria´s AAA-rating. “We are being observed accurately.”

October 4, 2011

Funding Situation for S&T Secured

The Austrian IT-company could successfully conclude an agreement on capital increase and debt relief of banks.

October 4, 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

Hirsch Servo Implements Long-Term Financing Plan

The Austrian machine manufacturer and packaging supplier reached an extension of the terms for its long-term loans.

September 30, 2011

Hypo Alpe Adria Needs More Time to Build Up Capital

The Carinthian nationalized bank will not be able to meet the prescribed capital ratios by March 2012. Management and authorities are negotiating an extension of the deadline.

September 29, 2011

Intercell: EU Invests € 30m in Research Program

The Austrian pharmaceutical company will receive co-funding for a collaborative research project from the European Union.

September 29, 2011

Intercell Looking for Private Equity Shareholder

According to Bloomberg, the Austrian pharmaceutical company negotiates with potential investors in order to strengthen the equity base.

September 27, 2011

Level of General Financial Education in Austria “Not Satisfactory”

Latest survey shows: 4 in 10 Austrians don’t even know where to start when defining term “interest”.

September 27, 2011

Austria´s Triple A „Not Endangered“

From a global view, 18 countries have a “AAA-status”. The current debt crisis makes market observers nervous.

September 26, 2011

Verbund Said to Seek € 750m Credit Line to Refinance

Verbund AG, Austria’s biggest power company, is seeking a € 750m ($ 1bn) revolving credit facility to refinance maturing debt, according to a person with knowledge of the deal.

September 20, 2011

German and Austrian Economy Claim Improvements for Company Loans

Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.

September 20, 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

Austrian Minister of Science: € 1.00bn for Universities

Karlheinz Töchterle (ÖVP), announced that Austrian universities may receive € 1.00bn from 2013 to 2015 separately. However, critics already commented the plan.

September 12, 2011

Austria Considers Lawsuit Against Hungary

The Austrian Minister of Foreign Affairs, Michael Spindelegger (ÖVP) threatens Hungary to file a lawsuit at the European Court of Justice. Hungary plans to stress banks massively.

September 12, 2011

Significant Growth for Austrian Leasing Business

In the first term of 2012, Austrian leasing companies experienced a 25%-growth. Total business volume amounted to € 3.3.bn.

September 12, 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

Austrian Competitiveness Shrinks Further

According to a market survey of the consulting group Ernst & Young, Austria´s international competitiveness has still worsened and fell from rank 18 to 19.

September 7, 2011

Bank Aid Package is a Loss for Austria

For the Austrian Republic, the recapitalization measures for Austrian business banks is a losing deal. Losses amount to € 237m.

September 7, 2011

S&T Signs Partnership with Quanmax

A Term sheet on investor participation between the two Austrian IT-companies has been signed.

September 5, 2011

Hypo Alpe Adria: FMA Sees Capital Requirement of € 1.5bn

The Austrian nationalized bank has to fill the capital gap by 31 March 2012. Management wants to continue the downsizing program.

September 2, 2011

Strong Growth in Lending to Private Households

Loan development in the second quarter: Total lending volume grows; opposing trends are registered for new loans to enterprises and private households.

September 1, 2011

ugichem Closes € 2m Financing Round

The Tyrolean biotech company secured funding from two major investors and a research grant from the Austrian Research Promotion Agency.

August 9, 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

SW Umwelttechnik Secured Mid-Term Financing

The Austrian technology company reached an agreement to delay bank loan repayments until 2012. € 60m were invested in plant modernizations between 2005 and 2008.

August 1, 2011

Immofinanz Generated New Funds in Russia

The Austrian real estate company reached an agreement on the refinancing of its logistics center in St. Petersburg. The new funds will be invested in further projects in Russia.

July 21, 2011

Erste Group Provided Financing for Hospital in Warsaw

The € 32m acquisition financing is the first private hospital financing in CEE of that size which has been closed by Erste Group and also a first in Poland for the bank.

July 15, 2011

Wealth Growth of Private Households Comes to a Halt

Austrian households’ financial assets increased only marginally to € 462bn in the first quarter. Investments in bank bonds were the driving factor with a total of € 1.1bn.

July 14, 2011

Slow Recovery in Banks’ Lending Activity

Corporate loans recovered faster than loans to private households. Interest rates have increased only slightly since April 2010.

July 11, 2011

European Stress Test Results to Be Published on July 15

The test performance of 91 participating banks will be available next week. According to Moody’s, Austrian Volksbanken AG is at risk of failing the test.

July 8, 2011

Austrian SME Increase Investments

Sentiment in the SME sector is improving: 60% are planning to grow in the medium to long term. Enterprises increasingly rely on internal financing.

July 6, 2011

Alfred Gusenbauer Starts Venture Capital Company

The former Austrian Chancellor and three partners founded the Cudos Group. It will invest in industrial companies in Austria and CEE.

July 6, 2011

Erste Group: Delayed Redemption of State Capital

The Austrian bank will not repay the € 1.2bn of participation capital before the end of the month, probably due to the ongoing stress test.

June 24, 2011

KTM: Capital Increase Completed Successfully

The Austrian motorcycle manufacturer strengthened its share capital by € 14m by issuance of 400,000 new bearer shares. Main shareholders are CROSS Industries with 50.1% and Bajaj with 39.79%.

June 21, 2011

Almost One Million Shareholders in Austria

Compared internationally, the Austrian population has a very low interest in the stock market. Only 13% invest in shares or funds.

June 21, 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

Stagnating Level of New Bank Lending

Loan development in the first quarter: increase in long-term lending, but decline in total corporate lending volume.

June 10, 2011

Massive Drop in Trading at the Vienna Stock Exchange

Trading volume slumped by 42% to € 4.4bn as a result of the new capital gains tax on securities. The proportion of Austrian investors fell to 26%.

June 9, 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

Erste’s Treichl Says Politicians ‘Cowardly’ on Basel III Rules

Andreas Treichl, CEO of Erste Group, provokes fierce reactions with his criticism of Austrian politicians and new international capital rules.

May 16, 2011

"Need for Improvement" in Austria's Capital Market

According to a study by Ernst &Young;, the domestic capital market shows deficits particularly in the areas of investor protection, the depth of the capital markets and corporate governance.

May 10, 2011

Capital Transfers Still Below Pre-Crisis Level

Austria's financial transactions with foreign countries continue to be influenced by the aftermath of the crisis: investment in foreign securities has increased only slightly (€ 6.4 bn).

May 5, 2011

Lending Behavior of Banks Remains Stable

The credit policy of Austrian banks remained stable for the third year running in the first quarter of 2011 and it is also expected to remain unchanged in the second quarter of 2011.

April 28, 2011

Al Jaber Intends to make further Investments in Austria

Despite massive criticism of business partners and rumoured illiquidity, the Saudi investor Mohammed Al Jaber wants to realize further investment projects.

April 26, 2011

Kern Leads an Image Campaign for ÖBB

With humorous content, but caused by the serious situation of the Austrian State Railway, CEO Christian Kern intends to promote greater understanding for the Group.

April 26, 2011

aws: Willingness to Invest in Austria’s Manufacturing Industry Grows

The investment projects promoted from January to March 2011 were larger and more ambitious than one year ago.

April 22, 2011

ATB in Severe Turbulences

Losses of the Austrian A-Tec subsidiary will probably exceed half of the share capital.

April 22, 2011