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Austria Volksbanken plans govt-backed bond -IFR

Source: Reuters - Tue 8th Sep 2009

Austria's cooperative banking group Oesterreichische Volksbanken plans to issue a three-year benchmark Eurobond backed by the Austrian government,IFR reported on Tuesday.

Credit Suisse, DZ Bank, Raiffeisen Zentralbank Osterreichand Oesterreichische Volksbanken itself have been named to manage the triple-A rated deal, said IFR Markets, a Thomson-Reuters online news and market analysis service.