PRESS RELEASE : KA Finanz AG ends voluntary overcollateralization of certain covered bonds and aims to terminate the covered bond rating by S&P

03/08/2021 | 06:56am
  Disclosed inside information pursuant to article 17 Market Abuse Regulation 
  (MAR) 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 - With reference to the ad-hoc announcements dated 12 November 2015, 4 
March 2016 and 6 September 2017, KA Finanz AG (KF) announces that from as of 
today it will no longer voluntarily over-collateralize its covered bond with 
ISIN XS0236776877 by 28% of its respective nominal amount. Further, KF aims to 
terminate the rating of this covered bond by Standard & Poor's. As of 6 
September 2017, KF is operating as a fully solvent "wind-down entity" 
(Abbaugesellschaft) pursuant to section 162 of the Austrian Bank Recovery and 
Resolution Act(Bundesgesetz über die Sanierung und Abwicklung von Banken, 
BaSAG). As such KF is consolidating its business operations to streamline its 
organizational structure and internal process taking into account that KF may no 
longer actively operate on the market. The implementation of the above mentioned 
measures is part of this overall process. 
Stock exchange: 
Further inquiry note: 
Contact for enquiries: 
KA Finanz AG 
A-1020 Vienna, Taborstraße 1-3 
Dr. Helmut Urban, Chairman of the Management Board 
Tel.: +43(0)1/310 06 06-600 
KA Finanz AG 
Taborstraße 1-3 
A-1020 Vienna 
Tel.: +43/1/310 06 06 
Industry: Banks 
ISIN: XS0236776877 
Stock exchanges: Luxembourg Stock Exchange 
Language: English 
end of announcement                         euro adhoc 

(END) Dow Jones Newswires

March 08, 2021 06:55 ET (11:55 GMT)

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