HYPO NOE Landesbank für Niederösterreich und Wien AG
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HYPO NOE Landesbank
für Niederösterreich und Wien AG
(incorporated as a joint-stock corporation (Aktiengesellschaft) in the Republic of Austria)
Euro 6,000,000,000
Debt Issuance Programme
for the issue of the Notes (including Pfandbriefe and fundierte
Bankschuldverschreibungen) (the "Programme")
SUPPLEMENT NO. 1
dated 24 August 2018
to the Base Prospectus dated 15 June 2018
This supplement No. 1 (the "Supplement No. 1") constitutes a prospectus supplement
pursuant to Article 13 of the Luxembourg Act on Securities Prospectuses (loi relative aux
prospectus pour valeurs mobilières) of 10 June 2005 (the "Luxembourg Prospectus Act")
which implements Article 16 of Directive 2003/71/EC of the European Parliament and of the
Council of 4 November 2003 as amended (the "Prospectus Directive"). This Supplement
No. 1 is supplemental to, and should be read in conjunction with the base prospectus (the
"Original Prospectus") dated 15 June 2018 of HYPO NOE Landesbank für Niederösterreich
und Wien AG ("HYPO NOE" or the "Issuer") relating to the Programme.
The Original Prospectus has been approved on 15 June 2018 by the Commission de
Surveillance du Secteur Financier ("CSSF") of the Grand-Duchy of Luxembourg
("Luxembourg") in its capacity as competent authority under the Luxembourg Prospectus
Act.
The Issuer has requested the CSSF to provide the competent authorities in the Republic of
Austria, the Federal Republic of Germany, the United Kingdom and the Netherlands with a
certificate of approval attesting that this Supplement No. 1 has been drawn up in accordance
with the Commission Regulation (EC) 809/2004 of 24 April 2004, as amended from time to
time (the "Notification").
In accordance with Article 16 of the Prospectus Directive and Article 13.2 of Chapter 1
of Part II of the Luxembourg Prospectus Act, investors who have agreed to subscribe
for Notes, including Pfandbriefe and fundierte Bankschuldverschreibungen
(the "Notes") after the occurrence of the significant new factors described in this
Supplement No. 1 but before the publication of this Supplement No. 1 have a right to
withdraw their acceptances within two banking days after the date of publication of
this Supplement No. 1. The withdrawal period ends on 28 August 2018.
Arranger and Dealer
BNP ParibasTerms used in this Supplement No. 1 shall have the same meaning as given to them in the
Original Prospectus. In the case of discrepancies between the information in this Supplement
No. 1 and information in the Original Prospectus or in documents incorporated by reference,
the information contained in this Supplement No. 1 shall prevail.
This Supplement No. 1 has been published in electronic form on the website of the
Luxembourg Stock Exchange under "www.bourse.lu" and on the website of the Issuer under
"www.hyponoe.at " and will be available free of charge at the specified office of the Issuer
and the Fiscal Agent, BNP Paribas Securities Services, Luxembourg Branch, at 60 avenue
J.F. Kennedy, L-2085 Luxembourg, Luxembourg.
No person has been authorised to give any information which is not contained in, or not
consistent with, this Supplement No. 1 or any other document entered into in relation to the
Programme or any information supplied by the Issuer or such other information as in the
public domain and, if given or made, such information must not be relied upon as having
been authorised by the Issuer, the Dealer or any of them.
Neither the Arranger nor any Dealer nor any other person, excluding the Issuer, is
responsible for the information contained in this Supplement No. 1, and accordingly, and to
the extent permitted by the laws of any relevant jurisdiction, none of these persons accepts
any responsibility for the accuracy and completeness of the information contained in this
Supplement No. 1.
This Supplement No. 1 reflects the status as of its date of approval. The delivery of this
Supplement No. 1 and the offering, sale or delivery of any Notes may not be taken as an
implication that the information contained in this Supplement No. 1 is accurate and complete
subsequent to its date of approval or that there has been no adverse change in the financial
situation of the Issuer since that date or that any other information supplied in connection
with the Programme is accurate at any time subsequent to the date on which it is supplied or,
if different, the date indicated in the document containing the same.
The distribution of this Supplement No. 1 and the offering, sale and delivery of the Notes in
certain jurisdictions may be restricted by law. Persons into whose possession this
Supplement No. 1 comes are required to inform themselves about and observe any such
restrictions. For a description of restrictions applicable in the United States of America,
Japan, the European Economic Area, the Republic of Italy and the United Kingdom see
"Subscription and Sale" in the Original Prospectus. In particular, the Notes have not been
and will not be registered under the United States Securities Act of 1933, as amended, and
are subject to the tax law requirements of the United States of America; subject to certain
exceptions, Notes may not be offered, sold or delivered within the United States of America
or to U.S. persons.
This Supplement No. 1 may only be used for the purpose for which it has been
published. This Supplement No. 1 may not be used for the purpose of an offer or
solicitation by and to anyone in any jurisdiction in which such offer or solicitation
is not authorised or to any person to whom it is unlawful to make such an offer or
solicitation.
This Supplement No. 1 does not constitute an offer or an invitation to subscribe for or
purchase any of the Notes.
2The Issuer has published its unaudited Semi-Annual Financial Report 2018 which is by way
of this Supplement No. 1 incorporated by reference into the Original Prospectus. Thus, the
following changes are made to the Original Prospectus:
1. In the section "SUMMARY OF THE PROSPECTUS" commencing on page 3 of the
Original Prospectus, in Element B.12 "Selected historical key financial
information:" on page 5 of the Original Prospectus, in the right column the
following table shall be added at the end:
"
IFRS 9 IAS 39
30 June 31 December
2018 2017
Total equity and
13,908,482 14,368,013
liabilities
Total equity (incl.
non-controlling 648,470 676,401
interests)
IFRS 9 IAS 39
30 June 30 June
2018 2017
Net interest
56,037 56,176
income
Net interest
income after risk 63,845 57,874
provisions
Profit before tax 25,841 11,196
Profit for the
20,197 9,003
period
Profit attributable
to owners of the 19,986 8,608
parent
Source: Unaudited Semi-Annual Financial Report 2018"
2. In the section "SUMMARY OF THE PROSPECTUS" commencing on page 3 of the
Original Prospectus, in Element B.12 "Significant changes in the financial or
trading position of the Issuer:" on page 5 of the Original Prospectus, in the right
column the second sentence shall be replaced by the following sentence:
"There are no significant changes in the financial or trading position of the HYPO NOE
Group which occurred subsequently to the period covered by the historical financial
information, which means as of 30 June 2018."
33. In the section "SUMMARY OF THE PROSPECTUS" commencing on page 3 of the
Original Prospectus, in Element B.13 "Description of any recent events particular
to the Issuer which are to a material extent relevant to the evaluation of the Issuer’s
solvency:" on page 5 of the Original Prospectus, in the right column the first
paragraph shall be deleted and the second paragraph shall be replaced by the
following paragraph:
"There are no recent events particular to the Issuer which are to a material extent relevant to
the evaluation of the Issuer’s solvency."
4. In the section "GERMAN TRANSLATION OF THE SUMMARY OF THE
PROSPECTUS DEUTSCHE ÜBERSETZUNG DER ZUSAMMENFASSUNG DES
PROSPEKTS" commencing on page 25 of the Original Prospectus, in Element B.12
"Ausgewählte wesentliche historische Finanzinformationen:" commencing on page
26 of the Original Prospectus, in the right column the following table shall be
added at the end:
"
IFRS 9 IAS 39
30. Juni 31. Dezember
2018 2017
Summe Aktiva 13.908.482 14.368.013
Eigenkapital (inkl.
648.470 676.401
Fremdanteile)
IFRS 9 IAS 39
30. Juni 30. Juni
2018 2017
Zinsüberschuss 56.037 56.176
Zinsüberschuss
nach 63.845 57.874
Risikovorsorge
Perioden-
überschuss vor 25.841 11.196
Steuern
Perioden-
überschuss nach 20.197 9.003
Steuern
Konzern-
überschuss dem
19.986 8.608
Eigentümer
zurechenbar
Quelle: Ungeprüfter Halbjahresfinanzbericht 2018"
45. In the section "GERMAN TRANSLATION OF THE SUMMARY OF THE
PROSPECTUS DEUTSCHE ÜBERSETZUNG DER ZUSAMMENFASSUNG DES
PROSPEKTS" commencing on page 25 of the Original Prospectus, in Element B.12
"Wesentliche Veränderung der Finanzlage oder Handelsposition der Emittentin:"
on page 27 of the Original Prospectus, in the right column the second sentence
shall be replaced by the following sentence:
"Es gab keine anderen wesentlichen Veränderungen hinsichtlich der Finanzlage oder
Handelsposition des HYPO NOE Konzerns, die nach dem von den historischen
Finanzinformationen abgedeckten Zeitraum, das heißt nach dem 30.6.2018, eingetreten
sind."
6. In the section "GERMAN TRANSLATION OF THE SUMMARY OF THE
PROSPECTUS DEUTSCHE ÜBERSETZUNG DER ZUSAMMENFASSUNG DES
PROSPEKTS" commencing on page 25 of the Original Prospectus, in Element B.13
"Beschreibung aller Ereignisse aus jüngster Zeit in der Geschäftstätigkeit der
Emittentin, die für die Bewertung ihrer Zahlungsfähigkeit in hohem Maße relevant
sind:" on page 27 of the Original Prospectus, in the right column the first
paragraph shall be deleted and the second paragraph shall be replaced by the
following paragraph:
"Es gibt keine Ereignisse aus jüngster Zeit in der Geschäftstätigkeit der Emittentin, die für die
Bewertung ihrer Zahlungsfähigkeit in hohem Maße relevant sind."
7. In the section "DESCRIPTION OF HYPO NOE LANDESBANK FÜR
NIEDERÖSTERREICH UND WIEN AG" commencing on page 370 of the Original
Prospectus below the heading "Trend Information" on page 384 of the Original
Prospectus, the first paragraph shall be deleted.
8. In the section "DESCRIPTION OF HYPO NOE LANDESBANK FÜR
NIEDERÖSTERREICH UND WIEN AG" commencing on page 370 of the Original
Prospectus the paragraph below the heading "Significant change in HYPO NOE's
financial or trading position" on page 389 of the Original Prospectus shall be
replaced by the following paragraph:
"There are no other significant changes in the financial or trading position of the HYPO NOE
Group which occurred subsequently to the period covered by the historical financial
information, which means as of 30 June 2018."
9. In the section "Documents on Display" commencing on page 392 of the Original
Prospectus below the heading "Other Documents" on page 393 of the Original
Prospectus the following bullet point shall be added at the end:
"8. financial information with regard to the Issuer in the form of the unaudited semi-
annual financial report 2018 (in the English and the German language)"
10. In the section "DOCUMENTS INCORPORATED BY REFERENCE" commencing
on page 394 of the Original Prospectus, after the table regarding the Audited
Consolidated Financial Information for the Year 2017 on page 394 of the Original
Prospectus the following table shall be added:
"Unaudited Consolidated Financial Information for the First Half Year
2018 – Unaudited Semi-Annual Financial Report 2018 - (IFRS) (binding
version in German language)
Consolidated Statement of Comprehensive Income (Gesamt- 24-25
Ergebnisrechnung)
Consolidated Statement of Financial Position (Konzernbilanz) 26
Consolidated Statement of Changes in Equity (Konzerneigenkapital- 27
Veränderungsrechnung)
5Consolidated Statement of Cash Flows (Konzerngeldflussrechnung) 28-29
Notes (Erläuterungen) 31-103"
11. In the section "DOCUMENTS INCORPORATED BY REFERENCE" commencing
on page 394 of the Original Prospectus, the second paragraph after the table
regarding the Audited Consolidated Financial Information for the Year 2017 on
page 394 of the Original Prospectus shall be replaced by the following paragraph:
"Any document incorporated by reference (i.e. the Annual Reports of HYPO NOE for the
financial years 2017 and 2016 and the Unaudited Semi-Annual Financial Report 2018,
respectively, as specified in the tables above under "Documents Incorporated by
Reference") into this Prospectus will be available for inspection at the specified office of
the Issuer and the Fiscal Agent, during normal business hours, as long as any of the
Notes are outstanding and on the website of the Luxembourg Stock Exchange under
"www.bourse.lu"."
12. In the section "DOCUMENTS INCORPORATED BY REFERENCE" commencing
on page 394 of the Original Prospectus, after the table regarding the Audited
Consolidated Financial Information for the Year 2017 on page 395 of the Original
Prospectus the following table shall be added:
"Unaudited Consolidated Financial Information for the First Half Year
2018 – Unaudited Semi-Annual Financial Report 2018 - (IFRS) (non-binding
English language version)
Consolidated Statement of Comprehensive Income 22-23
Consolidated Statement of Financial Position 24
Consolidated Statement of Changes in Equity 25
Consolidated Statement of Cash Flows 26-27
Notes 29-99"
6RESPONSIBILITY STATEMENT
HYPO NOE Landesbank für Niederösterreich und Wien AG, with its registered office at
3100 St. Pölten, Hypogasse 1, Austria, is solely responsible for the information given in this
Supplement No. 1. The Issuer hereby declares that, having taken all reasonable care to
ensure that such is the case, the information contained in this Supplement No. 1 for which it
is responsible is, to the best of its knowledge, in accordance with the facts and contains no
omission likely to affect its import.
St. Pölten, 24 August 2018
HYPO NOE Landesbank für Niederösterreich und Wien AG
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