By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Oct. 25 – Oesterreichische Kontrollbank AG (Aa1/AA+) priced a $1 billion offering of 4.625% three-year global notes at 99.989 on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by the Republic of Austria.
The spread priced at 22.1 basis points over the benchmark Treasury, or at 42 bps over SOFR mid-swaps. Talk had been in the 40 bps area over SOFR mid-swaps, according to a market source.
BofA Securities Europe SA, Deutsche Bank AG, RBC Capital Markets LLC and TD Global Finance underwrote the SEC-registered deal.
Vienna-based OeKB provides financial and information services to Austria’s export industry and the capital markets.
| Issuer: | Oesterreichische Kontrollbank AG
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| Guarantor: | Republic of Austria
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| Amount: | $1 billion
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| Issue: | Guaranteed global notes
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| Maturity: | Nov. 3, 2025
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| Bookrunners: | BofA Securities Europe SA, Deutsche Bank AG, RBC Capital Markets LLC and TD Global Finance
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| Coupon: | 4.625%
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| Price: | 99.989
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| Spread: | Treasuries plus 22.1 bps, or SOFR mid-swaps plus 42 bps
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| Trade date: | Oct. 25
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| Settlement date: | Nov. 3
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| Distribution: | SEC registered
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| Price talk: | SOFR mid-swaps plus 40 bps area
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| Cusip: | 676167CG2
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