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Hypo Alpe Adria says redeemed 750 mln eur bond
March 17, 2014 / 11:52 AM / 4 years ago

Hypo Alpe Adria says redeemed 750 mln eur bond

VIENNA, March 17 (Reuters) - Ailing Austrian state bank Hypo Alpe Adria said on Monday it had redeemed a 750 million euro ($1.04 billion) bond after the government last week granted a quick capital injection to enable the repayment.

“The bond was redeemed this morning as previously announced,” a spokesman said.

Austria last Wednesday approved the capital injection for the bank with its Finance Minister Michael Spindelegger, saying the state would stand behind the loss-making bank.

$1 = 0.7181 Euros Reporting by Angelika Gruber; Writing by Ludwig Burger; Editing by Maria Sheahan

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