By Aleesia Forni
Virginia Beach, Sept. 25 – Oesterreichische Kontrollbank AG sold $1 billion of 2.375% bonds (Aaa/AA+/) due Oct. 1, 2021 at mid-swaps plus 7 basis points, or Treasuries plus 17.05 bps, according to an informed source and an FWP filed with the Securities and Exchange Commission.
Pricing was at 99.974.
The notes were sold in line with talk, which was set in the area of mid-swaps plus 7 bps.
Barclays, Citigroup Global Markets Inc., Deutsche Bank AG, London Branch and J.P. Morgan Securities were the bookrunners.
The notes are guaranteed by the Republic of Austria.
The export and financial services company for Austrian businesses is based in Vienna.
| Issuer: | Oesterreichische Kontrollbank AG
|
| Guarantor: | Republic of Austria
|
| Amount: | $1 billion
|
| Description: | Guaranteed global notes
|
| Maturity: | Oct. 1, 2021
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Deutsche Bank AG, London Branch, J.P. Morgan Securities
|
| Coupon: | 2.375%
|
| Price: | 99.974
|
| Spread: | Mid-swaps plus 7 bps, Treasuries plus 17.05 bps
|
| Trade date: | Sept. 25
|
| Settlement date: | Oct. 1
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor's: AA+
|
| Price talk: | Mid-swaps plus 7 bps area
|
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