Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft
INVESTKREDIT ANNOUNCE RESULTS OF INVITATION FOR OFFERS TO SELL NOTES


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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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29.06.2012

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY PERSON RESIDENT AND/OR
LOCATED IN THE UNITED STATES OR TO ANY U.S. PERSON


On 14 June 2012, Österreichische Volksbanken-Aktiengesellschaft ("ÖVAG") and
Investkredit Funding Ltd ("Investkredit") announced that ÖVAG was inviting
holders of the EUR50,000,000 subordinated non-cumulative Limited Recourse Notes
(ISIN: DE0009576108 and WKN: 957 610) issued by Investkredit on 28 November 2002
(the "Notes") to offer to sell any and all of their Notes to ÖVAG for cash (the
"Invitation"). The terms and conditions of the Invitation are set out in the
Invitation Memorandum dated 14 June 2012 (the "Invitation Memorandum").
Capitalised terms used in this announcement have the meanings ascribed to them
in the Invitation Memorandum.
Invitation
The Invitation expired at 5 p.m., CET, on 28 June 2012.
ÖVAG intends to accept for purchase all Notes validly offered for sale.
Accordingly, ÖVAG accepts for purchase EUR24,931,000 in aggregate nominal amount
of the Notes. Noteholders whose offers to sell have been accepted by ÖVAG will
receive EUR400 per EUR1,000 nominal amount of the Notes and the Accrued Interest
Payment, in immediately available funds in cash on the Settlement Date.
Following the completion of the Invitation, the aggregate nominal amount of the
Notes that will remain outstanding will be EUR25,069,000. The Settlement Date is
expected to be 4 July 2012.


Stock exchange listed issues of participation capital issued by Österreichische
Volksbanken-Aktiengesellschaft:
ISIN:
AT0000755665 Österreichische Volksbanken-AG Partizipationsscheine 
XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital
Certificates 
The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft
in terms of issue volume:

ISIN:                   
XS0451759012 
XS0417722393 
AT000B053442 
XS0275528627
AT000B061437

The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the
following stock exchanges:

Second Regulated market of Wiener Börse AG
Official trading of Wiener Börse AG
Regulated market of Baden-Württembergische Wertpapierbörse
Regulated market of the Prague Stock Exchange
Regulated market of the Luxembourg Stock Exchange
Open Market of Berlin Stock Exchange
Open Market of Stuttgart Stock Exchange
Open Market of Frankfurt Stock Exchange


Further inquiry note:
Ansprechpartner:
Walter Gröblinger
Tel.: +43/ (0) 50 4004-0
E-Mail: walter.groeblinger@volksbank.com

end of announcement                               euro adhoc 
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issuer:      Österreichische Volksbanken-Aktiengesellschaft
             Kolingasse  19
             A-1090 Wien
phone:       +43 0 50 4004-0
WWW:      www.volksbank.com
sector:      Banking
ISIN:        AT0000755665
indexes:     Standard Market Auction
stockmarkets: Regulated free trade: Wien, stock market: Prague Stock Exchange 
language:   English
 

 

 



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