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

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

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.

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: Luxembourg Stock Exchange, Wien, SIX Swiss Exchange language:
English

Digital press kit: http://www.ots.at/pressemappe/409/aom

Rückfragen & Kontakt:

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

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0003