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Kommunalkredit

Kommunalkredit terminates covered bond rating agreement with Moody‘s; Covered bonds continue to be rated by S&P

Kommunalkredit Austria AG (Kommunalkredit) announces to terminate the agreement with Moody's Rating Agency on the rating of covered bonds with, currently rated at "Baa1".

November 24, 2017

Steinbichler: "Kommunalkredit on track with implementation of strategy”

Kommunalkredit Austria AG (Kommunalkredit) reports a sound IFRS after-tax result of EUR 13.9 million for the first half of 2017. The bank is making good progress with the implementation of its business model as a specialist in infrastructure finance.

August 4, 2017

Kommunalkredit issued the first Austrian Social Covered Bond

Kommunalkredit Austria AG (Kommunalkredit) today has successfully issued the first Austrian EUR 300 m Social Covered Bond with a tenor of 4 years and a coupon of 0,375 per cent. The issuance was preceded by a euro-wide roadshow. The issuance was significantly oversubscribed with the order book totaling EUR 531 m (from more than 40 investors). Kommunalkredit was also capable of broadening its investor base by this transaction. This bond has been the first issuance since the privatization of the Bank in 2015.

July 4, 2017

Kommunalkredit Austria AG / Tender offer relating to CHF bonds completed

Kommunalkredit Austria AG (Kommunalkredit) has successfully completed its buy back of CHF covered bonds due 2020, 2022 and 2026, with the ISINs referred to below. Overall, covered bonds in an aggregate principal amount of approximately CHF 140 million will be repurchased.

May 15, 2017

Kommunalkredit Austria AG / Indicative results of its tender offerrelating to CHF bonds

Kommunalkredit Austria AG (Kommunalkredit) announces today the indicative results of its invitation to bondholders of the covered bonds issued by Kommunalkredit listed below to tender their covered bonds for cash for a maximum purchase amount of CHF 200 million. The tender offer commenced on 4 May 2017 and expired 4:00 p.m. (CET) on 12 May 2017.

May 15, 2017

Kommunalkredit Austria AG / Tender offer relating to CHF bonds

Kommunalkredit Austria AG ("Kommunalkredit") announces today its invitation to holders of CHF covered bonds due 2020, 2022 and 2026, with the ISIN referred to below, to tender their bonds for cash for up to CHF 200 million in accordance with the terms of a tender offer memorandum, copies of which are available to eligible holders through the tender agent.

May 4, 2017

Kommunalkredit Austria AG reports its results for 2016

The Annual Shareholders' Meeting on 10 March 2017 decided to distribute a dividend in the amount of EUR 32.0 million. Thus, Kommunalkredit's eligible own funds, after distribution of the dividend, increased by EUR 30.4 million to EUR 290.3 million. With the intention of supporting future growth, the Shareholders' Meeting also decided to grant authorized capital in an amount of EUR 79.7 million.

March 10, 2017

Kommunalkredit Austria AG / Information Update

The interim financial report of Kommunalkredit Austria AG (the "Bank") as of 30 June 2016, published on 26 August 2016, shows a sound balance sheet structure; the eligible own funds amount to EUR 260.0 million, the total capital ratio equals 37.2% and the common equity tier-1 ratio is 27.9%.

November 18, 2016

Kommunalkredit Austria AG / Exercise of votingright in member state of origin

The issuer, Kommunalkredit Austria AG, herewith notifies that the Member State of origin pursuant to Sect. 81a, sub-sect. 1, it. 7 of the Austrian Stock Exchange Act is Austria

February 26, 2016

Kommunalkredit Austria AG / Termination of OvercollateralizationAgreement

Kommunalkredit Austria AG, Commercial Register number FN 439528s, (KA) terminates the agreement concluded by Kommunalkredit Austria AG "Old" (KA Old) on 27 January 2011 regarding the overcollateralization of certain covered bank bonds issued by KA Old (the Overcollateralization Agreement) as of today's date.

October 2, 2015

Kommunalkredit Austria AG / Partial sale process of Kommunalkredit: Implementation of demerger and merger

Kommunalkredit Austria AG (KA), referring to its ad-hoc disclosures dated 11/08/2014, 13/03/2015 and 26/06/2015, notifies about the implementation of demerger and merger.

September 25, 2015

Kommunalkredit Austria AG / New bond issues

DIP 37 Kommunalkredit Austria AG EUR 107,000,000 Floating Rate Kommunalkredit Covered Bonds (KACB) (Fundierte Bankschuldverschreibungen) due 23 January 2024.

July 22, 2015

Kommunalkredit Austria AG / Partial sale of Kommunalkredit: Value of special rights

The Supervisory Board of KA, at its meeting today, adopted the following decisions: Demerger of the entire business operations of KA (incl. all its subsidiaries) with parts of its assets and liabilities by way of a proportionate demerger into a newly incorporated company (KA New).

June 26, 2015

Kommunalkredit Austria AG / Partial sale of Kommunalkredit: FIMBAGsigns share purchase agreement with a buyer consortium

FIMBAG, which holds 99.78% of the shares of KA in trust for the Republic of Austria, has signed a share purchase agreement with a buyer consortium, consisting of the English Interritus Limited, initiated by Dr. Patrick Bettscheider, and the Irish Trinity Investments Limited, managed by the London-based asset manager Attestor Capital LLP, (Consortium), providing, inter alia, for the following..

March 13, 2015

Kommunalkredit Austria AG / New bond issues

Issue of Notes of Kommunalkredit Austria AG.

March 10, 2015

Kommunalkredit Austria AG / New bond issues

Issue of Notes of Kommunalkredit Austria AG: DIP 35 Kommunalkredit Austria AG EUR 850,000,000 Floating Rate Kommunalkredit Covered Bonds (KACB) (Fundierte Bankschuldverschreibungen) due 10 February 2017

February 6, 2015

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG issues DIP 34 EUR 100,000,000 0.15 per cent Kommunalkredit Covered Bonds (KACB) (Fundierte Bankschuldverschreibungen) due 18 September 2015.

September 16, 2014

Kommunalkredit Austria AG / Invitation by FIMBAG to parties interested in partial sale

Kommunalkredit Austria has been informed today by Finanzmarktbeteiligung AG des Bundes (FIMBAG), which holds 99.78% of the shares of the Company in trust for the Republic of Austria, that FIMBAG intends to partially sell the Company in accordance with the amending decision taken by the European Commission and will, to this end, in the next days by way of a public call for tenders invite potentially interested parties to submit expressions of interest for the shares in the Company held by FIMBAG.

August 11, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

June 2, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

May 30, 2014

Austrian Public Debt Almost at 80% of GDP

The Austrian public debt burden will reach a new all-time high at the end of the current year. The challenging fiscal situation is partly attributable to the capital injections into Hypo Group Alpe Adria.

April 24, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

April 4, 2014

Austria: VBAG Downgraded to Junk Status

Moody´s has lowered VBAG´s rating. According to the rating agency, the partly nationalized Austrian bank has no investment grade anymore.

March 29, 2014

KA Finanz: No More State Aids Necessary

The nationalized Austrian bad bank has finished the loss-making sale of credit default swaps. In the last six years, KA Finanz has downsized radically.

March 29, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

March 18, 2014

Austria: Delay in RBI Paying Back State Capital

Austrian Raiffeisen Bank International (RBI) will take longer than planned to pay back state capital.

March 15, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

March 13, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

March 13, 2014

Austria: State Aids for Banks Almost Exhausted

The financial framework for the banking aid for Hypo Group Alpe Adria is almost exhausted. So far the federal state of Austria has spent up to € 6.2bn.

March 8, 2014

VBAG to be completely Nationalized?

According to experts, VBAG is the only Austrian bank which will not pass the stress test. In this case, there are only two alternatives: liquidation or full nationalization.

March 6, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

February 27, 2014

Liebscher: Government Is to Blame

Head of Hypo Group’s Task Force Klaus Liebscher rejects being turned into the scapegoat of delaying important decisions about the downsizing of the problem bank. Instead, he points his finger to the Austrian government.

February 20, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

February 18, 2014

Austrian Bad Bank Received Further State Aid

The Austrian Ministry of Finance injected € 150m into KA Finanz, the bad bank of the publicly held Kommunalkredit.

February 6, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

January 21, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

January 21, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

January 21, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

January 15, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

January 15, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

January 14, 2014

Austria: VBAG Not to Receive Further Aids

Ailing banking institute VBAG of the Austrian Volksbanken Group will not be granted further state aids.

January 13, 2014

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

January 9, 2014

VBAG: Further State Aids Questionable

The governing Austrian social democrats (SPÖ) are against providing further funds to the partly nationalized banking group.

December 26, 2013

Austria: Bank Rescue Massive Burden for Public Finance

In total, costs of the Austrian banking package come at € 6.75bn. Expenses are only partially covered by revenues.

December 21, 2013

VBAG: Call for Further State Aids Likely

The Austrian VBAG (Volksbanken AG), top institute of the Volksbanken sector, still has a substantial capital shortfall.

December 21, 2013

Austria: VBAG May Require Further State Aid

Partially nationalized VBAG is expected to post losses of more than € 200m.

December 20, 2013

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

December 20, 2013

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

December 17, 2013

Austrian Banking Industry Has to Fear Bank Tax Increase

At the end of this week, the Austrian social democrats and the conservatives agreed on continuing their coalition. Although the fiscal strategy is not fully known yet, a bank tax increase is likely.

December 14, 2013

Kommunalkredit Austria AG / New bond issues

Kommunalkredit Austria AG / New bond issues

December 9, 2013
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