UniCredit Bank Austria AG 1.15% 04/28/32

UniCredit Bank Austria AG 1.15% 04/28/32 is a covered bond issued by UniCredit Bank Austria AG, a major Austrian financial institution. This fixed-rate mortgage covered bond carries a coupon of 1.15 percent and is structured as a hard bullet bond with a maturity date of April 28, 2032. The bond is secured by a cover pool consisting of mortgage loans, providing investors with dual recourse protection—both to the issuer and to the underlying mortgage collateral. Covered bonds represent a significant fixed-income instrument in European capital markets, combining the safety of bank-issued debt with the additional security of dedicated mortgage assets. These instruments are designed to provide stable income through their fixed coupon payments while maintaining investment-grade credit quality. The bond operates under the Austrian covered bond legal framework, which establishes strict regulatory requirements for asset quality, liquidity management, and investor protection. UniCredit Bank Austria AG's covered bond program comprises multiple issuances across different maturity dates and structures, serving institutional and retail investors seeking secure fixed-income exposure to the Austrian financial sector.