By Cristal Cody
Tupelo, Miss., Oct. 30 – Oesterreichische Kontrollbank AG (Aa1/AA+) priced $1 billion of 3.125% five-year global notes on Tuesday at 99.793, 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 8 basis points, or Treasuries plus 23.55 bps. The issue was initially talked to price in the mid-swaps plus 9 bps area.
Citigroup Global Markets Inc., Goldman Sachs International, HSBC Bank plc and Merrill Lynch International were the underwriters.
The notes are guaranteed by the Republic of Austria.
The Vienna, Austria-based company provides financial and information services to Austria’s export industry and the capital market.
| Issuer: | Oesterreichische Kontrollbank AG
|
| Guarantor: | Republic of Austria
|
| Amount: | $1 billion
|
| Description: | Global notes
|
| Maturity: | Nov. 7, 2023
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs International, HSBC Bank plc and Merrill Lynch International
|
| Coupon: | 3.125%
|
| Price: | 99.793
|
| Spread: | Mid-swaps plus 8 bps, or Treasuries plus 23.55 bps
|
| Trade date: | Oct. 30
|
| Settlement date: | Nov. 7
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | SEC registered
|
| Price guidance: | Mid-swaps plus 9 bps area
|
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