By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, Oct. 17 – Oesterreichische Kontrollbank AG (OeKB) priced $1 billion of 5% three-year guaranteed global notes (Aa1/AA+) on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes, guaranteed by the Republic of Austria, priced at 99.701 to yield 5.109%, or 13.2 basis points over Treasuries. Alternatively, the spread was SOFR mid-swaps plus 30 bps.
Barclays Bank Ireland plc, BofA Securities Europe SA, J.P. Morgan SE and TD Global Finance are the bookrunners.
Price talk was in the SOFR mid-swaps plus 33 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
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| Guarantor: | Austria
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| Amount: | $1 billion
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| Issue: | Global notes
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| Maturity: | Oct. 23, 2026
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| Bookrunners: | Barclays Bank Ireland plc, BofA Securities Europe SA, J.P. Morgan SE and TD Global Finance
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| Coupon: | 5%
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| Price: | 99.701
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| Yield: | 5.109%
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| Spread: | Treasuries plus 13.2 bps, or SOFR mid-swaps plus 30 bps
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 24
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| Ratings: | Moody’s: Aa1
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| S&P: AA+
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| Distribution: | SEC registered
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| Listing: | Luxembourg
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| Price talk: | SOFR mid-swaps plus 33 bps area
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| Cusip: | 676167CK3
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