Austrian federal bond

Austrian government bonds ( English Republic of Austria Government Bonds , RAGB , often in the parlance Austrian government bond ) are bonds , by the Republic of Austria issued. These are issued in accordance with Austrian law and serve the state to finance long-term projects such as education, pension and health care, the development of infrastructure and budget financing.

Austrian government bonds are predominantly securities with a fixed annual interest rate ( coupon ) (fixed-income securities) that is paid out once a year. They are bearer securities and fungible ( fungibility refers to the fact that securities can be bought and resold at any time). At the end of the nominal term, government bonds are repaid at their nominal value ( redemption ).

Federal bonds are issued by the Austrian Federal  Financing Agency (OeBFA) in the name and for the account of the Republic of Austria ( primary market ). The ADAS platform operated by the Austrian Control Bank (OeKB) is used for federal bonds issued by auction . Federal bonds can be bought and sold through all banks, savings banks or cooperative banks or most online / discount brokers ( secondary market ).

The Republic of Austria has a good credit rating and is given very good to excellent ratings by the three largest rating agencies Standard & Poor’s , Moody’s and Fitch .

At the beginning of 2012, ÖBFA issued a government bond worth two billion euros over 50 years for the first time. At the time of issue, this government bond had the longest term (until 2062) in the entire euro zone .

In September 2017, ÖBFA issued a government bond with a 100-year term for the first time, which again represents the longest term (until 2117) in the entire euro zone .

See also

• Federal bond (Germany)
• Federal Treasury

Web links

• ADAS Austrian Direct Banking System - the online auction system of Oesterreichische Kontrollbank AG
• Office for the issuance of federal bonds , OeKB

proof

• Basic knowledge brochure: Austrian government bonds , OeBFA, BMF, Vienna Stock Exchange (pdf)
• Tutorial: Austrian government bonds , Erste Bank (with disclaimer)

1. ↑ Successful loan: Austria cancels February auction , orf.at, January 20, 2012.
2. ↑ Austria issues a 100-year government bond , kurier.at, September 12, 2017.