On 14 July 2009, Hypo Alpe Adria launched a benchmark bond with a volume of EUR 1 billion, which carries a guarantee by the Republic of Austria. Within a very short period of time, the order books were heavily oversubscribed. The bond has a term of four years and matures on 24 July 2013.

The bond has been placed on the market by an international syndicate of banks, with BayernLB, UniCredit (HVB), Citi and BNP Paribas acting as joint bookrunners. It has bee listed on the Vienna Stock Exchange.

According to the rating agencies Moody’s, Fitch and Standard & Poor’s, the government-guaranteed bond got the top rating of Aaa/AAA/AAA.

The bond was subscribed to by banks, insurance companies and investment funds. The order books showed a broad diversification across regions: Austria (32 percent), Germany (30 percent), Southern Europe (11 percent), Switzerland (9 percent), Benelux (6 percent), US Offshore (4 percent), UK (4 per cent), and other countries (4 percent).

Detailed information is available in following documents: