Funding

HYPO NOE Landesbank is one of Austria’s leading covered bond issuers and is a regular participant on the capital markets through the placement of secured and unsecured benchmark bonds. The Bank’s sustainable approach to its core operations is underpinned and promoted by its clear ethical principles and business policies. Its portfolio leans strongly towards sustainability due to the large proportion of lending that creates social value added. Based on the solid foundations provided by customer deposits, and on its closer cooperation with development banks, HYPO NOE Landesbank also takes steps aimed at diversifying its sources of refinancing.

HYPO NOE Landesbank is rated by Moody’s for both its longterm Issuer Credit Rating (senior unsecured) and its Covered Bonds. In the area of sustainability, the Bank has ratings from ISS ESG, Sustainalytics and Moody's ESG Solutions. Further information can be found under Ratings.

HYPO NOE Landesbank Pfandbriefe are eligible as trust investments under section 217 (3) Austrian General Civil Code. HYPO NOE Landesbank is liable for all assets, and for all the assets recorded in the cover register. The trustee appointed by the financial regulator monitors compliance with the relevant statutory regulations.

Transparency: The reports on the HYPO NOE Landesbank public and mortgage covered bond programme shows the quality of the public sector cover pool. The reporting follows the reporting rules by the Pfandbrief & Covered Bonds Forum Austria.

As a publicly owned bank, HYPO NOE finances numerous projects that contribute to the United Nations Sustainable Development Goals (SDGs). As of 31 December 2025, 69 % of HYPO NOE’s financing volume was attributable to these sustainability goals. The Bank’s ethical business guidelines provide the framework for selecting eligible financing activities.

Since 2020 HYPO NOE has been issuing green bonds with a focus on energy-efficient properties. In the HYPO NOE Sustainability Bond Framework 2023 (valid for issues after 19 December 2023), the green financing categories have been expanded to include social (access to infrastructure in the areas of education/health and affordable housing). At the same time, the green financing categories were adapted to the current ICMA Principles. The HYPO NOE Green Bond Framework (2020) remains valid for the green bonds already placed.

The HYPO NOE Landesbank Annual Reports can be found in the Download Center.
Further information on our current ratings can be found under Ratings.

Information on Co-Financing with Development Banks can be found here.