By Marisa Wong and Cristal Cody
Los Angeles, May 17 – Oesterreichische Kontrollbank AG (OeKB) priced $1 billion of 2.875% three-year global notes (Aa1/AA+) guaranteed by the Republic of Austria on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 99.815 to yield 2.816%, or a spread of 12.4 basis points over Treasuries.
Price talk was in the SOFR mid-swaps plus 27 bps area, according to a market source.
BofA Securities Europe SA, Deutsche Bank AG, Goldman Sachs Bank Europe SE and RBC Capital Markets, LLC are the underwriters.
OeKB is a financial services company based in Vienna.
| Issuer: | Oesterreichische Kontrollbank AG (OeKB)
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| Guarantor: | Republic of Austria
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| Amount: | $1 billion
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| Issue: | Global notes
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| Maturity: | May 23, 2025
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| Underwriters: | BofA Securities Europe SA, Deutsche Bank AG, Goldman Sachs Bank Europe SE and RBC Capital Markets, LLC
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| Coupon: | 2.875%
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| Price: | 99.815
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| Yield: | 2.816%
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| Spread: | Treasuries plus 12.4 bps, or SOFR mid-swaps plus 25 bps
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| Pricing date: | May 17
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| Settlement date: | May 24
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| Listing: | Luxembourg
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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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| Price talk: | SOFR mid-swaps plus 27 bps area
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| Cusip: | 676167CE7
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