By Marisa Wong and Cristal Cody
Los Angeles, Feb. 22 – Oesterreichische Kontrollbank AG (OeKB) priced $1 billion of 4.25% guaranteed global notes due March 1, 2028 (Aa1/AA+), according to an FWP filing with the Securities and Exchange Commission.
The notes, guaranteed by the Republic of Austria, priced at 99.831 to yield 4.288%, or 17.2 basis points over Treasuries. Alternatively the spread was 36 bps to SOFR mid-swaps.
BofA Securities Europe SA, Deutsche Bank AG, J.P. Morgan SE and RBC Capital Markets, LLC are the bookrunners.
Price talk was in the SOFR mid-swaps plus 39 bps area, according to a market source.
Vienna-based OeKB provides financial and information services to Austria’s export industry and the capital markets.
| Issuer: | Oesterreichische Kontrollbank AG
|
| Guarantor: | Austria
|
| Amount: | $1 billion
|
| Issue: | Global notes
|
| Maturity: | March 1, 2028
|
| Bookrunners: | BofA Securities Europe SA, Deutsche Bank AG, J.P. Morgan SE and RBC Capital Markets, LLC
|
| Coupon: | 4.25%
|
| Price: | 99.831
|
| Yield: | 4.288%
|
| Spread: | Treasuries plus 17.2 bps, or SOFR mid-swaps plus 36 bps
|
| Pricing date: | Feb. 22
|
| Settlement date: | March 1
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | SEC registered
|
| Listing: | Luxembourg
|
| Price talk: | SOFR mid-swaps plus 39 bps area
|
| Cusip: | 676167CJ6
|
|
|
© 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.
