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Abonner Kommunalkredit Austria AG

Kommunalkredit Austria AG

Second 'Jumbo' from Kommunalkredit proves another hit: AAA-rated loan with EUR 1 billion placed with investors in around 20 countries

Vienna (ots)

The second Jumbo loan offered by Kommunalkredit
Austria, a covered bond with EUR 1 billion that features an AAA
rating from Moody's, has proved yet another dazzling success. The
books were closed with a 60% oversubscription (so as not to exclude
the Asian region, they were not closed after one day's subscription
period). Kommunalkredit's CEO, Dr Reinhard Platzer: 'Investors from
around 20 countries have subscribed to our security. With our own
excellent long-term ratings and financial-strength (individual)
ratings, as well as the loan's AAA rating, we are an attractive
partner on the international capital market. With the current Jumbo
loan, we can now offer investors an assessment instrument that ranks
among the top European covered bonds. We will use the additional
billion to further improve our excellent positioning on our core
markets.'
Kommunalkredit's Jumbo, which was unveiled at roadshows at the end
of February, was subscribed to by investors from all over Europe and
Asia (Germany 20%, UK and Ireland 17%, France 16%, Switzerland 14%,
Japan 8%, Benelux countries 8%, Central Europe 7%, Austria 5%, other
countries 5%). European central banks also showed great interest.
This segment subscribed to over 10 per cent of the loans. Investors
include renowned international funds.
For further information:
Kommunalkredit Austria AG
Cornelia Schragl-Kellermayer (+43 (0)1/31 6 31/532)
e-mail:  c.schragl@kommunalkredit.at
http://www.kommunalkredit.at/kommunal (You will find the above press
release and photos in the PR chapter)