By Cristal Cody
Tupelo, Miss., Feb. 5 – Oesterreichische Kontrollbank AG (Aa1/AA+) priced $1.5 billion of 1.5% five-year global notes on Wednesday at 99.655 and a spread of mid-swaps plus 12 basis points, or Treasuries plus 12.65 bps, according to a market source and an FWP filing with the Securities and Exchange Commission.
The notes were initially talked to place in the mid-swaps plus 14 bps area.
Barclays, Goldman Sachs International, J.P. Morgan Securities plc and RBC Capital Markets, LLC were the lead managers.
The notes are guaranteed by the Republic of Austria.
Vienna, Austria-based OeKB provides financial and information services to Austria’s export industry and the capital market.
Issuer: | Oesterreichische Kontrollbank AG
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Guarantor: | Republic of Austria
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Amount: | $1.5 billion
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Description: | Global notes
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Maturity: | Feb. 12, 2025
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Bookrunners: | Barclays, Goldman Sachs International, J.P. Morgan Securities plc and RBC Capital Markets, LLC
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Coupon: | 1.5%
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Price: | 99.655
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Spread: | Mid-swaps plus 12 bps, or Treasuries plus 12.65 bps
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Trade date: | Feb. 5
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Settlement date: | Feb. 12
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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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Price guidance: | Mid-swaps plus 14 bps area
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