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2016/06/30 / Erste Group Research

  • OeBB-Infrastruktur AG is the owner of almost the entire Austrian railway infrastructure, with a wide range of competences, ranging from planning to construction to operation of the railway track network, railway stations, rolling stock as well as the bulk of the OeBB Group's real estate.

  • With a balance sheet total of around EUR 22 bn, OeBB-Infrastruktur AG generated revenues of approx. EUR 3 bn in 2015, operating earnings of EUR 614 m and slightly positive net earnings. The ambitious investment program of more than EUR 14 bn (2016-2021) should lead to a significant increase in capital requirements.

  • Bonds of OeBB-Infrastruktur AG (Aa1/AA+) are issued under an EMTN program and are explicitly, unconditionally and irrevocably guaranteed by the Republic of Austria (Aa1/AA+/AA+).



Analyst:
Ralf Burchert, CEFA
+43 (0)50100-16314
ralf.burchert@erstegroup.com


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General information

AuthorErste Group Research
Date2016/06/30
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds, Macro/ Fixed income
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focusReal Estate
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