World Economy

Austrian Borrowing

Austrian BorrowingAustrian Borrowing

Austrian borrowers have taken out 29 billion euros ($34 billion) in Swiss franc-denominated debt, with 4% of that amount coming due in the next 12 months, financial regulator FMA said on Tuesday, Reuters said. Another 15% of the total will fall due in one to five years, Financial Market Authority co-head Helmut Ettl told journalists.