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Kommunalkredit issued the first Austrian Social Covered Bond
Press Wire ♦
Published: July 4, 2017; 16:23 ♦ (Vindobona)
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.
Kommunalkredit issued the first Austrian Social Covered Bond / Picture: © Vindobona.org
- EUR 300 m issuance size
- Issuance significantly oversubscribed
- Coupon of 0,375 per cent, tenor of 4 years
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…
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