Bank Austria Creditanstalt (BA-CA) increased its floating rate note issued in January with a size of EUR 500m by further EUR 250m.
Banc of America Securities Ltd. acted as Sole Lead Manager in this transaction. The bond was sold internationally, with highest demand coming from Germany and the UK.
The increased floater with a denomination of EUR 1,000 was issued at 99.978%. Its coupon is Euribor plus 15 basis points. Settlement is on the 27 May 2005 (including 31 days accrued interest) and the floater will fall due on 26 July 2010, according to the tenor of the original bond. Approximately 40 days after closing the new issue will funge with the original bond which is listed on the Luxembourg Stock Exchange.