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Published on 1/13/2009 in the Prospect News Investment Grade Daily.

New Issue: OeKB prices $1.25 billion 1.875% three-year notes at Treasuries plus 89.2 bps

By Andrea Heisinger

New York, Jan. 13 - Austria's Oesterreichische Kontrollbank AG priced $1.25 billion of 1.875% three-year global notes Tuesday to yield Treasuries plus 89.2 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aaa/AAA) priced at 99.717.

Bookrunners were Citigroup Global Markets Inc. and J.P. Morgan Securities. Co-managers were BNP Paribas Securities, Goldman Sachs & Co., HSBC Bank plc and Morgan Stanley & Co.

The financial and information service provider for Austria's export industry is based in Vienna.

Issuer:Oesterreichische Kontrollbank AG
Guarantor:Republic of Austria
Issue:Global notes
Amount:$1.25 billion
Maturity:March 21, 2012
Bookrunners:Citigroup Global Markets Inc., J.P. Morgan Securities
Co-managers:BNP Paribas Securities, Goldman Sachs & Co., HSBC Bank plc, Morgan Stanley & Co.
Coupon:1.875%
Price:99.717
Spread:Treasuries plus 89.2 bps
Distribution:SEC registered global notes
Trade date:Jan. 13
Settlement date:Jan. 21
Ratings:Moody's: Aaa
Standard & Poor's: AAA

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