Chicago, Nov. 8 – Oesterreichische Kontrollbank AG priced €500 million of 3.125% sustainability bonds with a five-year tenor on Wednesday, according to a market source.
The bonds priced at 99.95 to yield 3.136%, or at mid-swaps plus 2 basis points. Pricing came on top of guidance in the mid-swaps plus 2 bps area.
The size was set before pricing.
The notes are explicitly guaranteed by the Republic of Austria.
Deutsche Bank (billing and delivery), BNP Paribas, Danske Bank and UniCredit are the joint bookrunners.
Proceeds will be used for green and social eligible projects.
The bonds will be listed in London and Vienna.
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: | Austria
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| Amount: | €500 million
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| Issue: | Sustainability bonds
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| Maturity: | Nov. 15, 2028
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| Bookrunners: | Deutsche Bank (billing and delivery), BNP Paribas, Danske Bank and UniCredit
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| Coupon: | 3.125%
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| Price: | 99.95
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| Yield: | 3.136%
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| Spread: | Mid-swaps plus 2 bps
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| Trade date: | Nov. 8
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| Settlement date: | Nov. 15
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| Distribution: | Regulation S
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| Price talk: | Mid-swaps plus 2 bps area
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| ISIN: | XS2719102746
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