By Devika Patel
Knoxville, Tenn., Jan. 24 – Oesterreichische Kontrollbank AG (Aa1/AA+) priced $1.5 billion of 2.625% three-year global notes on Thursday at 99.771, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes priced at a spread of Treasuries plus 16.65 bps.
Barclays, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc and RBC Capital Markets LLC were the underwriters.
The notes are guaranteed by the Republic of Austria.
The Vienna-based company provides financial and information services to Austria’s export industry and the capital market.
| Issuer: | Oesterreichische Kontrollbank AG
|
| Guarantor: | Republic of Austria
|
| Amount: | $1.5 billion
|
| Description: | Global notes
|
| Maturity: | Jan. 31, 2022
|
| Underwriters: | Barclays, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc and RBC Capital Markets LLC
|
| Coupon: | 2.625%
|
| Price: | 99.771
|
| Spread: | Treasuries plus 16.65 bps
|
| Trade date: | Jan. 24
|
| Settlement date: | Jan. 31
|
| Issuer ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | SEC registered
|
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