Wolf Theiss

Hypo Alpe Adria - Investors in Subordinated Bonds face Haircut

In the past months, the Austrian Government had come under considerable political pressure in connection with losses of HYPO ALPE ADRIA BANK INTERNATIONAL AG, the nationalised Austrian bank. In an attempt to shake of such pressure, the Government has recently announced its plans to mandatorily require holders of certain subordinated bonds issued by HYPO ALPE ADRIA BANK INTERNATIONAL AG and guaranteed by the federal state of Carinthia to share in such losses.

For further information please contact

Kurt
Retter
Partner
Austria
Claus
Schneider
Partner
Austria

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