Guarantee

ASFINAG’s bond-issues are guaranteed by the Republic of Austria. The legal basis for the full, explicit, direct, unconditional and irrevocable Guarantee is the Budget Law of the relevant year (Bundesfinanzgesetz).

A Master-Guarantee is included in the EMTN-Programme. For each single transaction under the EMTN-Programme the Republic of Austria issues a Certificate stating that this specific bond-issue is covered by the Master-Guarantee.