By Cristal Cody
Tupelo, Miss., Aug. 29 – Oesterreichische Kontrollbank AG (Aa1/AA+) priced $1.5 billion of 2.875% three-year guaranteed global notes on Wednesday at 99.835, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes priced at a spread of mid-swaps plus 3 basis points, or a spread of 20 bps over Treasuries.
The issue was initially talked to print in the mid-swaps plus 6 bps area with guidance later tightened to the mid-swaps plus 4 bps area.
Deutsche Bank AG, London Branch, J.P. Morgan Securities plc and RBC Capital Markets, LLC were the underwriters.
Vienna, Austria-based OeKB provides financial and information services to Austria’s export industry and the capital market.
| Issuer: | Oesterreichische Kontrollbank AG
|
| Guarantor: | Republic of Austria
|
| Amount: | $1.5 billion
|
| Description: | Global notes
|
| Maturity: | Sept. 7, 2021
|
| Bookrunners: | Deutsche Bank AG, London Branch, J.P. Morgan Securities plc and RBC Capital Markets, LLC
|
| Coupon: | 2.875%
|
| Price: | 99.835
|
| Spread: | Mid-swaps plus 3 bps, or Treasuries plus 20 bps
|
| Trade date: | Aug. 29
|
| Settlement date: | Sept. 7
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 4 bps area; initial price talk at mid-swaps plus 6 bps area
|
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