By Marisa Wong and Cristal Cody
Los Angeles, Feb. 22 – Oesterreichische Kontrollbank AG (OeKB) priced $1 billion of 4.25% guaranteed global notes due March 1, 2028 (Aa1/AA+), according to an FWP filing with the Securities and Exchange Commission.
The notes, guaranteed by the Republic of Austria, priced at 99.831 to yield 4.288%, or 17.2 basis points over Treasuries. Alternatively the spread was 36 bps to SOFR mid-swaps.
BofA Securities Europe SA, Deutsche Bank AG, J.P. Morgan SE and RBC Capital Markets, LLC are the bookrunners.
Price talk was in the SOFR mid-swaps plus 39 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: | March 1, 2028
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Bookrunners: | BofA Securities Europe SA, Deutsche Bank AG, J.P. Morgan SE and RBC Capital Markets, LLC
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Coupon: | 4.25%
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Price: | 99.831
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Yield: | 4.288%
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Spread: | Treasuries plus 17.2 bps, or SOFR mid-swaps plus 36 bps
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Pricing date: | Feb. 22
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Settlement date: | March 1
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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 39 bps area
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Cusip: | 676167CJ6
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