By Aleesia Forni
Virginia Beach, May 12 – Oesterreichische Kontrollbank AG priced a $1.5 billion offering of two-year notes on Tuesday at mid-swaps minus 3 basis points, or Treasuries plus 24.9 bps, according to a market source and an FWP filed with the Securities and Exchange Commission.
The notes (Aaa/AA+/) were talked in the mid-swaps minus 2 bps area.
Pricing was at 99.812.
Citigroup Global Markets Inc. and HSBC are the bookrunners.
The export and financial services company for Austrian businesses is based in Vienna.
| Issuer: | Oesterreichische Kontrollbank AG
|
| Guarantor: | Republic of Austria
|
| Amount: | $1.5 billion
|
| Description: | Global notes
|
| Maturity: | May 19, 2017
|
| Bookrunners: | Citigroup Global Markets Inc., HSBC
|
| Coupon: | 0.75%
|
| Price: | 99.812
|
| Spread: | Mid-swaps minus 3 bps, Treasuries plus 24.9 bps
|
| Trade date: | May 12
|
| Settlement date: | May 19
|
| Ratings: | Moody’s: AA+
|
| Standard & Poor’s: Aaa
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps minus 2 bps area
|
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