bond market.at

The segment bond market contains all bonds that have been admitted to listing on the Official Market or Second Regulated Market or admitted to trading in the Third Market. These are government bonds, federal treasury certificates, treasury notes, interest rate and government strips, corporate bonds, banking bonds and convertible bonds. The trading platform used is Xetra® with the trading procedure "Auction Trading" (intra-day auction).

The public sector segment contains all debt securities issued by government bodies: Austrian federal government bonds, medium-term notes, Austrian Treasury bills (ATBs), bonds issued by provincial government, bonds issued by other states.

Corporate bonds are gaining significance in Austria as a means of raising external capital for financing. Over 100 corporate bonds are listed on Wiener Börse that have an issuing volume of over EUR 10bn. A list of all currently listed corporate bonds and new issues since 2001 is available at Investors/New listings or admissions.

The financial sector segment contains debt securities issued by banks and insurance companies. This is the largest segment as measured by the number of issues. Investors have a wide choice of products as regards the security of their investment (asset-backed bank bonds, mortgage-backed bonds and mortgage-backed bonds issued by public bodies, unsecured bonds, junior bonds and unsecured supplementary capital bank bonds) as well as type of interest (fix-interest bonds, floating rate bonds, zero-coupon bonds).

The performance-linked bond segment contains structured bonds whose interest and repayment depend on an underlying instrument. Underlyings may be stock indices, commodities, hedge funds, etc. The issuers are usually banks. The range of products includes securities with a capital guarantee as well as without a capital guarantee, and reverse convertible notes (cash or share bonds).