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KA Finanz AG

EANS-Adhoc: KA Finanz AG
Notification of termination of the over-collateralisation agreement as a result of the termination of Moody's rating regarding the covered bank bonds taken over by KA Finanz AG from Kommunalkredit Austria AG by way of the ...

  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


KA Finanz AG, Commercial Register number FN 128283b (KF), referring to its
ad-hoc announcements dated 25/09/2015 and 16/10/2015, herewith informs that
Moody's Rating Agency today communicated the termination of its rating of those
covered bank bonds (as listed below) which were transferred to KF by way of the
merger of Kommunalkredit Austria AG "Old" (KA Old) into KF as of 26/09/2015.

Thus, the agreement regarding the over-collateralisation (28% nominal
over-collateralisation in the cover pool) of the below listed covered bank bonds
issued by KA Old (the Over-Collateralisation Agreement), concluded by KA Old on
27/01/2011, is automatically terminated.

KF herewith notifies, that it will continue to hold a voluntary nominal
over-collateralisation of 28% for the below listed covered bank bonds.

For newly issued covered bank bonds, KF aims to hold a voluntary nominal
over-collateralisation of about 10%, as communicated in its ad-hoc announcement
dated 16/10/2015.

A rating for KF's covered bank bonds by the rating agency Standard & Poor's is
currently in preparation.

ISINs of the covered bank bonds concerned:
XS1202230204  XS1189108340  XS1045121784  XS1045221063 XS1046170699 
XS0236776877  XS0592235187  XS0973424152  XS1033673440

ISINs of all securities issued by KF which are admitted to trading on a
regulated market:
AT0000329859; AT0000441209; XS0140045302; XS0144772927; XS0180539420;
XS0185015541; XS0235597068; XS0236776877; XS0255439803; XS0257275098;
XS0261832942; XS0279423775; XS0286975973; XS0354530916; XS0592235187;
XS0973424152; XS1003354252; XS1016032457; XS1020014608; XS1033673440;
XS1040273267; XS1045121784; XS1045221063; XS1046170699; XS1072804484;

Further inquiry note:
KA Finanz AG
Treasury - Investor Relations
Dinah Reiss
A-1092 Wien, Türkenstraße 9
Tel.: ++43(0)1/310 06 06-678
Fax : ++43(0)1/310 06 06-505 or 99678

end of announcement                               euro adhoc 

issuer:      KA Finanz AG
             Türkenstraße 9
             A-1092 Wien
phone:       +43/1/310 06 06
FAX:         +43/1/310 06 06 - 404
sector:      Banking
ISIN:        -
stockmarkets: stock market: Luxembourg Stock Exchange, Wien 
language:   English

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