VIENNA, June 11 Vienna Insurance has
around 100 million euros ($136 million) worth of Hypo Alpe Adria
bonds guaranteed by the province of Carinthia, half
of which are the subordinated debt that the government plans to
annul, a spokeswoman said.
Fellow Austrian insurer Uniqa said it had around
34 million euros in such Hypo debt. Both were confirming a
report in Die Presse newspaper.
Uniqa said it was considering legal action.
Austria aims to wipe out 890 million euros of subordinated
Hypo Alpe Adria debt guaranteed by the bank's home province to
ensure that investors - not just taxpayers - share wind-down
costs for the lender, government officials said on Wednesday.
($1 = 0.7345 Euros)
(Reporting by Michael Shields and Angelika Gruber)