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EANS-News: Kommunalkredit Austria AG
Tender offer relating to CHF bonds completed

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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
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Company Information

Vienna - 15 May 2017 - 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.

The tender offer was limited to a maximum purchase amount of CHF 200 million and
applied to three outstanding bonds due 26 August 2020, 14 February 2022 and 22
June 2026 with an outstanding aggregate principal amount of CHF 651,300,000. The
tender offer ended on 12 May 2017. In total, Kommunalkredit covered bonds with
an aggregate principal amount of CHF 140,035,000 were validly tendered for
buyback. Of these, Kommunalkredit accepted all. The repurchased bonds will be
settled as per 22 May 2017. Kommunalkredit retains the right to cancel some or
all of the repurchased bonds.

Detailed information can be obtained from the stock exchange notice published on
the website of SIX Swiss Exchange:
https://www.six-exchange-regulation.com/en/home/publications/official-
notices.html

ISIN: CH0022280058; CH0024015452; CH0025662831
Stockmarket: SIX Swiss Exchange


Disclaimer

This Announcement neither constitutes a prospectus in the sense of Art. 652a or
Art. 1156 of the Swiss Code of Obligations nor a listing prospectus within the
meaning of the listing rules of the SIX Swiss Exchange nor a prospectus within
the meaning of Directive 2003/71/EC, as amended, and as implemented into
national law.

Nothing in this announcement constitutes an offer to buy or the solicitation of
an offer to sell securities in the United States or any other jurisdiction in
which such offer or solicitation would be unlawful.


IMPORTANT NOTICE

NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT
ANY ADDRESS IN, THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF
THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR ANY OTHER JURISDICTION WHERE IT
IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT. OTHER RESTRICTIONS APPLY AS SET OUT IN
THE TENDER OFFER MEMORANDUM.






Further inquiry note:
Kommunalkredit Austria AG
Treasury	
Ingo Rieger	
1092 Vienna, Tuerkenstrasse 9
Phone: +43/1/31 6 31-620
Fax: +43/1/31 6 31-505 or 99620
Mail:  i.rieger@kommunalkredit.at

Kommunalkredit Austria AG
Corporate Communications
Martin Hehemann
1092 Vienna, Tuerkenstrasse 9
Phone: +43/1/31 6 31-532
Fax: +43/1/31 6 31-99532
Mail:  m.hehemann@kommunalkredit.at


end of announcement                         euro adhoc
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issuer:       Kommunalkredit Austria AG
              Türkenstraße  9
              A-1092 Wien
phone:        +43 1 31 6 31
FAX:          +43 1 31 6 31 105
mail:          kommunal@kommunalkredit.at
WWW:       www.kommunalkredit.at
ISIN:         -
indexes:      
stockmarkets: Luxembourg Stock Exchange, Wien, SIX Swiss Exchange
language:     English

Original content of: Kommunalkredit Austria AG, transmitted by news aktuell

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