By Cristal Cody
Chicago, Sept. 1 – Oesterreichische Kontrollbank AG (Aa1/AA+) priced a $1 billion offering of 3.625% five-year global notes at 99.95 on Thursday, according to an FWP filing with the Securities and Exchange Commission and more information from a market source.
The notes are guaranteed by the Republic of Austria.
The spread priced at 23.5 basis points over the benchmark Treasury, or at 42 bps to SOFR mid-swaps. Talk had been in the 45 bps area over SOFR mid-swaps.
Barclays, Citigroup Global Markets Europe AG, HSBC Bank plc and J.P. Morgan SE underwrote the SEC-registered deal.
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 billion
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| Issue: | Guaranteed global notes
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| Maturity: | Sept. 9, 2027
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| Bookrunners: | Barclays, Citigroup Global Markets Europe AG, HSBC Bank plc and J.P. Morgan SE
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| Coupon: | 3.625%
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| Price: | 99.95
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| Yield: | 3.636%
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| Spread: | Treasuries plus 23.5 bps, or SOFR mid-swaps plus 42 bps
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| Trade date: | Sept. 1
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| Settlement date: | Sept. 9
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| Distribution: | SEC registered
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| Price talk: | SOFR mid-swaps plus 45 bps area
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| Cusip: | 676167CF4
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