By Cristal Cody
Tupelo, Miss., Sept. 10 – Oesterreichische Kontrollbank AG (Aa1/AA+) priced $1.5 billion of 0.375% five-year global notes on Thursday at 99.541 and a spread of mid-swaps plus 13 basis points, or Treasuries plus 18.75 bps, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes were initially talked to price in the mid-swaps plus 15 bps area.
Barclays, Citigroup Global Markets Ltd., HSBC Bank plc and RBC Capital Markets, LLC were the underwriters.
The notes are guaranteed by the Republic of Austria.
Vienna, Austria-based OeKB provides financial and information services to Austria’s export industry and the capital market.
| Issuer: | Oesterreichische Kontrollbank AG
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| Guarantor: | Republic of Austria
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| Amount: | $1.5 billion
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| Description: | Global notes
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| Maturity: | Sept. 17, 2025
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| Bookrunners: | Barclays, Citigroup Global Markets Ltd., HSBC Bank plc and RBC Capital Markets, LLC
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| Coupon: | 0.375%
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| Price: | 99.541
|
| Spread: | Mid-swaps plus 13 bps, or Treasuries plus 18.75 bps
|
| Trade date: | Sept. 10
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| Settlement date: | Sept. 17
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
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| Distribution: | SEC registered
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| Price guidance: | Mid-swaps plus 15 bps area
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