Telekom Austria, now rebranded A1 Telekom Austria Group, has announced the call and redemption of the €600m hybrid bonds issued in 2013. According to the company, the hybrid bonds will be redeemed at their nominal value plus all interest on February 1st, 2018. This is also the first call date. The hybrid bonds had a coupon of 5.625% and reached a peak price of 109.344% on 2nd March 2015. Since February 2017, the price has steadily declined to 100%.
