By Sheri Kasprzak
New York, Jan. 16 - Oesterreichische Kontrollbank AG priced $2 billion in three-year global notes at Treasuries plus 50.25 basis points, according to a term sheet released Wednesday.
The 2.875% notes due March 15, 2011 were priced at 99.74 to yield 2.961%.
The offering is expected to settle on Jan. 24.
The OeKB notes are guaranteed by the Republic of Austria and are rated Aaa by Moody's and AAA by Standard & Poor's.
Goldman Sachs International, J.P. Morgan Securities Ltd. and Nomura International plc are the joint lead managers with BNP Paribas, Citigroup Global Markets Inc., Morgan Stanley & Co. International plc and UBS Ltd. as the co-managers. Nomura is the stabilization manager.
| Issuer: | Oesterreichische Kontrollbank AG
|
| Issue: | Global notes
|
| Amount: | $2 billion
|
| Maturity: | March 15, 2011
|
| Coupon: | 2.875%
|
| Price: | 99.74
|
| Yield: | 2.961%
|
| Spread: | Treasuries plus 50.25 bps
|
| Underwriters: | Goldman Sachs International, J.P. Morgan Securities Ltd. and Nomura International plc (joint leads); BNP Paribas, Citigroup Global Markets Inc., Morgan Stanley & Co. International plc, UBS Ltd. (co-managers)
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 24
|
| Distribution: | Off shelf
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
