EANS-News: Kommunalkredit issued the first Austrian Social Covered Bonds
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- EUR 300 m issuance size Issuance significantly oversubscribed Coupon of 0,375 per cent, tenor of 4 years No Keyword Vienna, 04/07/2017 - Kommunalkredit Austria AG (Kommunalkredit) today has successfully issued the first Austrian EUR 300 m Social Covered Bonds 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. The issued bond is a Social Covered Bonds based on the Green Bond Principles by the International Capital Market Association (ICMA). The net proceeds of the Social Covered Bond are exclusively used for the financing of projects in the field of social infrastructure, namely education, health and social housing - both for the refinancing of Kommunalkredit's existing social infrastructure portfolio and for new projects. The renowned sustainability rating agency Sustainalytics has audited the implementation of the social framework for Social Covered Bonds in Kommunalkredit and confirms that Kommunalkredit is fulfilling all prerequisites for the issuance of this bond. The complete report has been published by Sustainalytics in the form of a so-called "Second Opinion" under following link: http://www.sustainalytics.com/green-social-bond-services/ [http:// www.sustainalytics.com/green-social-bond-services/] and on Kommunalkredit's own webpage in the investor relations section. Further inquiry note: Kommunalkredit Austria AG Ingo Rieger Head of Treasury 1092 Vienna, Tuerkenstrasse 9 Tel.: +43 (0) 1/31 6 31-620, Fax: -99620 investorrelations@kommunalkredit.at www.kommunalkredit.at Kommunalkredit Austria AG Martin Hehemann Head of Corporate Communications 1092 Vienna, Tuerkenstrasse 9 Tel.: +43 (0) 1/31 6 31-532, Fax: -99532 m.hehemann@kommunalkredit.at www.kommunalkredit.at end of announcement euro adhoc -------------------------------------------------------------------------------- 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: Wien, SIX Swiss Exchange, Luxembourg Stock Exchange language: English
Original content of: Kommunalkredit Austria AG, transmitted by news aktuell