Investor Presentaiton
OeBFA
Austrian Treasury
A Reliable, Transparent and Stability-oriented Borrower
Key Metrics of the Federal Debt Portfolio
Cornerstones of the Funding Strategy
in %
in years
5.0
Total Annual Funding:
4.5
◉
Diversity of funding sources
(geographically and by instruments)
20
Avg. Maturity Years
4.0
(lhs)
18
4.04%
3.30
3.5
Federal Debt Portfolio:
16
Green funding as an important pillar
(implemented in all relevant programmes)
Financial flexibility (e.g. to address specific
investor demand)
Capitalizing on scarcity value and strong
fundamentals
14
2.88 2.90
12
3.33
2.17
10
8
1.53
8.4y
6
0.91
0.49
4
2
0
■
Secondary market liquidity
Monthly auctions for bonds and bills
2009
2010
☐
■
■
No foreign currency risk
■
20 primary dealers for RAGBs, 19 for ATBS
(19 dealers for ACPs)
Conservative debt management strategy
o over 90% fixed rate
。 below 20% short-term debt
Well-balanced maturity profile
80
70
■Redemptions
60
■Net funding volume
50
40
30
20
10
☐
Reliability, Transparency, stability-oriented
approach
0
2014
2015
2016
2017
2018
2011
2012
2013
2014
0.30
0.43
0.23
2015
2016
2017
Total Gross Funding Volume (in EUR bn)
2018
2019
2020
2021
2022
2023
3.0
Avg. Maturity Years
(lhs)
2.5
11.1y
Federal Debt Portfolio:
2.0
Avg. Effective Interest
1.5
1.79%
Rate % (rhs)
1.0
Total Annual Funding:
1.00
0.5
Avg. Yield % (rhs)
0.12 0.32
0.0
-0.34
-0.5
2020
2021
2024e
2019
2022
2023
Note: All funding instruments including own quota of the Republic of Austria
24
Republic of Austria / Investor Information, April 2024
2. Debt ManagementView entire presentation