ABN Amro, Lehman Brothers and Bank Austria, a subsidiary of Germany's HVB Group, have capitalised on their close investment banking ties with Telekom Austria to secure the mandate for its inaugural €1bn ($1.15bn) bond.

CA IB, the investment banking arm of Bank Austria, acted as joint global co-ordinator and joint lead manager of Telekom Austria's €1bn initial public offering in November 2000. The Austrian bank has also worked with Telekom Austria in an advisory capacity on several M&A transactions.