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

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information

4 May 2017 - Kommunalkredit Austria AG ("Kommunalkredit") announces
today its invitation to holders of CHF covered bonds due 2020, 2022
and 2026, with the ISIN referred to below, to tender their bonds for
cash for up to CHF 200 million in accordance with the terms of a
tender offer memorandum, copies of which are available to eligible
holders through the tender agent. Through the tender offers,
Kommunalkredit intends to realign the currency structure of the CHF
denominated covered bonds and the predominantly EUR denominated cover
pool. For future funding requirements, which may arise,
Kommunalkredit intends to issue covered bonds, among other
instruments.

The tender offers start today, 4 May 2017 and ends on 12 May 2017.
The results of the tender offer will be published on 15 May 2017.
Kommunalkredit retains the right to cancel some or all of the
repurchased bonds.

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

end of announcement euro adhoc
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company: 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
sector: Banking
ISIN: -
indexes:
stockmarkets: stock market: Luxembourg Stock Exchange, Wien, SIX Swiss Exchange
language: English

Original-Content von: Kommunalkredit Austria AG, übermittelt durch news aktuell