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2025-10-28 17:58:24
Austrian Mortgage-Backed Bonds See Strong Subscription, Oversubscribed 4.7 Times] (1) Austria's HYPO NOE Bank successfully issued €500 million in mortgage-backed bonds, priced at the medium-term swap rate plus 32 basis points, 6 basis points tighter than the initial guidance price. (2) The bonds received over €2.35 billion in subscriptions (including €300 million in purchases by the co-lead managers), with an oversubscription ratio of 4.7 times, demonstrating strong market demand. (3) The bonds have a maturity date of January 7, 2031 (with an extension option of up to 12 months) and are expected to receive an Aa1 rating from Moody's. Settlement is expected on November 4. (4) The issuance was jointly led by six institutions, including Danske Bank and Elster Bank, under the bank's €9.5 billion debt issuance program and is open only to professional investors.
