Chicago, July 6 – Oesterreichische Kontrollbank AG (OeKB) (Aa1/AA+) priced €500 million of 1.5% five-year sustainability bonds in the Wednesday market, according to a market source.
The bonds priced at 99.924 to yield 1.516%, or mid-swaps minus 9 basis points.
Books opened in the mid-swaps minus 6 bps area.
Order books were in excess of €2.8 billion.
The notes will be guaranteed by the Republic of Austria.
BNP Paribas, HSBC, Raiffeisen Bank International and UniCredit are the joint lead managers.
Listing for the Regulation S notes will be on the London Stock Exchange.
OeKB is a financial services company based in Vienna.
| Issuer: | Oesterreichische Kontrollbank AG
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| Guarantor: | Republic of Austria
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| Amount: | €500 million
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| Issue: | Senior sustainability bonds
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| Maturity: | July 13, 2027
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| Bookrunners: | BNP Paribas, HSBC, Raiffeisen Bank International and UniCredit
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| Sustainability assessor: | Sustainalytics
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| Coupon: | 1.5%
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| Price: | 99.924
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| Yield: | 1.516%
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| Spread: | Mid-swaps minus 9 bps
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| Trade date: | July 6
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| Settlement date: | July 13
|
| Distribution: | Regulation S
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| Price talk: | Mid-swaps minus 6 bps
|
| Marketing: | Investor call
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| ISIN: | XS2500414623
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