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Published on 3/5/2014 in the Prospect News Investment Grade Daily.

New Issue: Austria's OeKB prices $1.25 billion 1.625% notes due 2019 at 20.35 bps over Treasuries

By Aleesia Forni

Virginia Beach, March 5 - Oesterreichische Kontrollbank AG priced $1.25 billion of 1.625% notes (Aaa/AA+/) due March 12, 2019 with a spread of Treasuries plus 20.35 basis points, according to an FWP filing with the Securities and Exchange Commission.

Pricing was at 99.409.

Goldman Sachs International, HSBC Bank plc and J.P. Morgan Securities were the joint bookrunners.

The export and financial services company for Austrian businesses is based in Vienna.

Issuer:Oesterreichische Kontrollbank AG
Guarantor:Republic of Austria
Amount:$1.25 billion
Description:Global notes
Maturity:March 12, 2019
Bookrunners:Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities
Coupon:1.625%
Price:99.409
Spread:Treasuries plus 20.35 bps
Trade date:March 5
Settlement date:March 12
Ratings:Moody's: Aaa
Standard & Poor's: AA+

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