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Austria fin min says content of planned Heta offer not negotiable

Wednesday, 18 May 2016 03:10am EDT 

: Spokesman for umbrella creditor group says majority of Heta [HAABI.UL] investors represented are banks including Commerzbank , Deutsche Pfandbriefbank , Bundesvereinigung der Banken, NordLb, Duesseldorfer Hypothekenbank [DUOG.UL], Muenchener Hypothekenbank,[MNCHY.UL], Dexia Kommunalbank . Austrian Finance Minister Schelling says contents of MoU not negotiable, only thing still lacking is legal mechanism . Spokesman for umbrella group of creditors says we're not happy with planned offer, but majority of us accept it . Spokesman for umbrella group of Heta creditors says overall repayment rate cannot be quantified due to risks regarding changes in interest rate Further company coverage: [HAABI.UL][nL5N18F1DF] (Reporting By Kirsti Knolle, Alexandra Schwarz-Goerlich) ((Shadia.Nasralla@thomsonreuters.com;)). 

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