Chicago, July 6 – Oesterreichische Kontrollbank AG (OeKB) (Aa1/AA+) priced €500 million of 1.5% five-year sustainability bonds in the Wednesday market, according to a market source.
The bonds priced at 99.924 to yield 1.516%, or mid-swaps minus 9 basis points.
Books opened in the mid-swaps minus 6 bps area.
Order books were in excess of €2.8 billion.
The notes will be guaranteed by the Republic of Austria.
BNP Paribas, HSBC, Raiffeisen Bank International and UniCredit are the joint lead managers.
Listing for the Regulation S notes will be on the London Stock Exchange.
OeKB is a financial services company based in Vienna.
Issuer: | Oesterreichische Kontrollbank AG
|
Guarantor: | Republic of Austria
|
Amount: | €500 million
|
Issue: | Senior sustainability bonds
|
Maturity: | July 13, 2027
|
Bookrunners: | BNP Paribas, HSBC, Raiffeisen Bank International and UniCredit
|
Sustainability assessor: | Sustainalytics
|
Coupon: | 1.5%
|
Price: | 99.924
|
Yield: | 1.516%
|
Spread: | Mid-swaps minus 9 bps
|
Trade date: | July 6
|
Settlement date: | July 13
|
Distribution: | Regulation S
|
Price talk: | Mid-swaps minus 6 bps
|
Marketing: | Investor call
|
ISIN: | XS2500414623
|
|
© 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.