Guarantee

ASFINAG Notes Issues are guaranteed by the Republic of Austria, for which the respective Bundesfinanzgesetz (federal finance act) is the legal basis. This guarantee is full, explicit, direct, unconditional and irrevocable.

A Master Guarantee is included in the Euro Medium Term Note (EMTN) Programme. For each individual transaction under the EMTN Programme, the Republic of Austria issues a Certificate stating that this specific issuance is covered by the Master Guarantee.